Question 20 (3 points) You just found your dream car. The car will cost you $ 50,000. The dealer will lend you the entire amount at 6.0 percent interest per year, compounded monthly, for 48 months. What is the amount of the monthly payment? Please record your answer using the following format (1407.00). Record your answer to two decimal places. Do NOT place a "$" in front of the number. Finally, do not use a comma to separate hundreds from thusands. Do not type the parentheses: just type the number! Your Answer: Answer Patti has $4,000 in her investment account today. She saves $500 at the end of each quarter and earns 8 percent interest, compounded quarterly. How much money will she have in her account three years from now? Please record your answer using the following format (1407.00). Record your answer to two decimal places. Do NOT hace a "S" in front of the number. Finally, do not use a comma to separate hundreds from thousands. Do not type the parentheses: just type the number! Your Answer: Answer Question 24 (3 points) The Corner Bank is offering Taylor a credit card with an APR of 17 percent. The bank compounds the interest rate on a monthly basis. What is the effective annual rate for this card? Please record your answer using the following format (12.54). Record your answer to two decimal places. While the answer should be given as a percentage, do NOT place a "%" directly after the number. Do not type the parentheses: just type the number! Your