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You are taking out a car loan and will make payments of $400 each month, for a total of 60 monthly payments. You also have
You are taking out a car loan and will make payments of $400 each month, for a total of 60 monthly payments. You also have $5,079 for a down payment. The APR is 10.8% with quarterly compounding. How much does the car cost? * DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES * You will deposit $500 every six months into an investment account that earns 6% interest (APR with monthly compounding). Your first deposit will be today, and you'll make a total of 20 deposits. How much will be in your account 10 years from today? * DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES *
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