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Question 6 1 pts You want to buy a car that's currently priced at $25,290. The price of the car in one year will be
Question 6 1 pts You want to buy a car that's currently priced at $25,290. The price of the car in one year will be $23,505 since it will be last year's model. You currently don't have anything in your bank account. Consequently, if you buy the car today you will borrow $25,290 from your parents who will charge you 2.07% APR compounded monthly. You will repay the entire loan balance in one year if you decide to buy the car today. How much will you save (viewed as of one year from now) if you wait to buy the car? Question 1 1 pts Investment A pays $3,215 per month for the next 11 months Investment B pays $2,860 per month for the next 33 months. If the market interest rate is 4.66 % APR compounded monthly, what is the difference in the market price of the two assets? (state your answer as a positive number)
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