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Question 5 (1 point) Amy has accumlated a credit card debt of $9,150 and she has decided to pay it off over the next 3
Question 5 (1 point) Amy has accumlated a credit card debt of $9,150 and she has decided to pay it off over the next 3 years. Calculate her monthly payments if her credit card charges interest at j12=18%. Your Answer: Answer Question 6 (1 point) Henry is thinking about buying a new car. The car sells for $25,500 and he has a $3,000 down- payment. Calculate his monthly payments if he finances the balance at j12=3.6% over 5 years. Your Answer: Question 7 (1 point) Acme Inc. wants to save $100,000 over the next 10 years? How much must they deposit at the end of every six months into an account earning a semi-annual rate of 7.48% (j2). Your Answer: Answer Question 8 (1 point) Mika wants to save $19,000 for a down- payment on a condominium. How long will it take her to reach her goal if she deposits $400 at the end of each month into a savings account earning j12=4.8%? Express your answer in months and round to 2 decimal places. Your
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