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The following table shows annual rates for various types of loans in 2 0 2 1 . Assume monthly payments and compounding periods. HINT [

The following table shows annual rates for various types of loans in 2021. Assume monthly payments and compounding periods. HINT [See Examples 5 and 7.]
Loan
Type 30-Year
Mortgage 15-Year
Mortgage New Car
Loan Used Car
Loan Credit
Cards
Rate 3.03%2.30%9.20%9.45%13.99%
You purchased a new car using a 5-year $50,000 loan in 2021. With the same monthly payments, how much could you have financed had the interest rate been 9.00%?(Do not round the payment amount to the nearest cent. Round the final amount you could have financed to the nearest cent.)
$
With the same monthly payments, how much could you have financed had the interest rate been 9.50%?(Do not round the payment amount to the nearest cent. Round the final amount you could have financed to the nearest cent.)
$

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