You just bought a used car for $5,000 with no down payment using dealer financing at 6% APR compounded monthly. If you make monthly payments of $350, how many months will it take you to payoff the loan? You are 65 years old and about to retire. You have $100,000 saved in a retirement account and would like to withdraw it in equal annual amounts so that nothing is left after 8 years. How much can you withdraw each year if the account earns 7% interest each year? To pay for your education, you've taken out $26,000 in student loans. If you make monthly payments over 10 years at 4% APR interest compounded monthly, how much are your monthly student loan payments