You are purchasing a car for $17, 250 and want to finance part of your purchase You've been offered a loan with a 12% interest compounded quarterly when you finance your car for 72 months How much of a down payment would you need to make to have a monthly payment of $190? You are interested in purchasing a used Camry that is advertised for $17, 250. The dealer offers financing at a rate of 18% APR when the purchase is financed for 54 months If you make a 20% down payment, what would the monthly payment be for this purchase Your company constructed a small office building for their firm approximately 5 years ago They financed it with a bank loan for $450,000 over 15 years at 6 degree interest with quarterly payments and quarterly compounding The loan can be repaid at any time without penalty Your company is preparing to make their 23rd loan payment How much will they pay in interest on this payment Directly calculate this amount do not create the entire loan schedule You have just started your first job and are already planning for retirement You plan of retiring in 25 years and to support your lifestyle you will need to have saved $1, 750,000 at the time of your retirement Your retirement account promises a 10 degree return compounded annually How much would you need to deposit each year to reach $1, 750.000? You will make equal deposits each year The starting salary of your first job is $75,000 You are only able to invest 10 degree of this amount in your first year, but plan to increase your contribution by 6 degree each year until you retire If your retirement account only earns 11 % compounded annually over your 25, year career, how much will you have saved at the time of your retirement in 25 years The quoted rate for short term loans at a local back is 24 % APR If interest is compounded continuously, what is the effective interest rate per month? (Enter answer as a percentage)