You have just borrowed $20,000 from the Satisfaction Auto Corp. to purchase a new car. You will be making monthly payments of $550. Your interest rote is 6 percent compounded monthly. How many months will it take you to pay off the loan? Multiple chotce 3636 Months 4115 Months 4133 Months 40.23 Months The Waiting on a Friend Company issued an annuity that pays $4,000 per year for 14 years and earns a rate of return of 6.5 percent compounded annually. What is the future value of this annuity? Multiple Cholce $2.2423 $36.055.37 538,38827 587,06918