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You are looking to buy a car and can afford to pay $205 per month. If the interest rate on a car loan is 0.78%

image text in transcribed You are looking to buy a car and can afford to pay $205 per month. If the interest rate on a car loan is 0.78% per month for a 60 -month loan, what is the most expensive car you can afford to buy? The most expensive car you can afford to buy is $ (Round to the nearest cent.) You have just deposited $1,000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2 -year interest rate is 12% (total interest over 2 years is 12%, not 12% per year), how much will you have in the account after 12 years? After 12 years, the amount you will have in the account is $ (Round to the nearest cent.) You are looking to buy a car and can afford to pay $205 per month. If the interest rate on a car loan is 0.78% per month for a 60 -month loan, what is the most expensive car you can afford to buy? The most expensive car you can afford to buy is $ (Round to the nearest cent.) You have just deposited $1,000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2 -year interest rate is 12% (total interest over 2 years is 12%, not 12% per year), how much will you have in the account after 12 years? After 12 years, the amount you will have in the account is $ (Round to the nearest cent.)

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