The present value of your annuity is $72,000.00 and you want to make withdraws at the end of every 2 months for the next 21 years. If money is worth 7.2%, compounded every 2 months, what is the amount of your payments from the annuity for the next 21 years? The payment would be? (Round to 2 decimal places.) You want to buy a $22,000 car. The company is offering a 2% interest rate for 48 months ( 4 years). What will your monthly payments be? You can afford a $850 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? $ c) How much of that money is interest? You have $2,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? each month You have $300,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years