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Using a financial calculator please. 11. Roger Sterling borrows $20,000 to buy a car. The terms of the loan call for monthly payments for five

Using a financial calculator please. image text in transcribed
11. Roger Sterling borrows $20,000 to buy a car. The terms of the loan call for monthly payments for five years at a 5.9% rate of interest, what is the amount of each payment? A. $385.73 B. $412.22 C. $452.16 D. $468.78 12. Martha is able to pay $325 a month for five years for a car. If the interest rate is 3.9%, how much can Martha afford to borrow to buy a car? A. $16,184 B. $17,691 C. $19,500 D. $20,834 13. Don Draper is borrowing $17,800 to buy a car. The terms of the loan call for monthly payments for 6 years at 8.6% interest, what is the amount of each payment? A. $288.94 B. $301.78 C. $317.33 D. $343.56 14. Today, Francis Urquhart is retiring. He has a total of $411,016 in his retirement savings and has the funds invested such that he expects to earn an average of 7.10%, compounded monthly, on this money throughout his retirement years. Urquhart wants to withdraw $2,500 every month, starting today. Approximately how long will it be until he runs out of money? A. 35 years B. 42 years C. 50 years D. He will never run out of money

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