Use the principles of mathematical progression to solve the following problems related to simple or compound interest, annuities, and present value. You must consider the
Use the principles of mathematical progression to solve the following problems related to simple or compound interest, annuities, and present value. You must consider the following criteria when answering the questions: - Identication of the skill to be applied in the exercise: Indicate if it is simple or compound interest, annuities, or present value ofthe annuity. - Identication of the data provided in the exercise: Indicates what is the interest, the present value, the number of periods or other values included in the exercise. - Substitution of data in the formula: Clearly write down if the value is an exponent or if it has a decimal point, among others. - Solve the exercise: Solve the problem with the correct procedure. - The result is correct and rounded correctly. 0 Write in a complete sentence the solution of the problem. 1. Jennifer is buying a new car. She got a 5-year loan for $15,000. The annual interest rate is 4%. Calculate the monthly car payment. 2. Mr. Vzquez wants to invest in a loan of $35,000 at 2.2% annual interest for 3 years compounded quarterly. Determine the amount of money the account will accumulate from the initial capital. 3. Miguel Rodriguez founded a debris collection company. To pay for the trucks and the ofce, Miguel asked the bank for a loan of $50,000 and agreed to repay the loan in 48 months at 5.8% interest. Calculate the total amount to be paid on the loan. 4. Victor bought a motorcycle for which he will pay $163.75 per month for six years, with a nancing rate of 1.3% per year. What is the cost of the motorcycle currently
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