QUESTION 29 You are planning to purchase a new vehicle that costs $40,000. You will finance (borrow) 90% of the cost. Determine the monthly payment on a 6-year, 4% annual rate (compounded monthly) loan. Hint: convert the years to months and rate to monthly before entering your TVM inputs. O Monthly Payment = $625.80 O Monthly Payment = $563.23 O Monthly Payment = $500.00 O Monthly Payment - $555.56 QUESTION 30 If a United States Savings bond can be purchased for $-38.50 (cash outflow), has a maturity value of $100 (cash inflow), and the compounding annual rate of return on the bond is 4.15%, how long will it take the bond to be worth $100 (how many years to maturity)? Years = 23.47 Years - 26.32 0 Years = 18.51 0 Years = 15.45