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Tom can get a car loan with a term of four years at an APR of 4 . 5 % . If he can afford

Tom can get a car loan with a term of four years at an APR of 4.5%. If he can afford a monthly payment of $300, how much can Tom borrow?
Assume you start working in your career at the age of 28. Your employer deposits $125 each month into a retirement account that pays 5.75% APR, compounded monthly.
a) What is your account balance if you retire at the age of 60?
b) How much was deposited over that time period?
c) How much interest was earned over that time period?
Five years after you purchase 10 shares of a company for $52 per share, you sell the shares for a total of $670.
a) Calculate the total return.
b) Calculate the annual return.
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