You just purchased a car for $32775 and the auto loan is 60-month fixed rate loan with interest rate of 2.4% per year. What is your monthly payment? (Round to the nearest dollar) Answer: 10 You are 26 years old and decide to start saving for your retirement. You plan to save $6,000 at the end of each year (so the first deposit will be one year from now, and will make the last deposit when you retire at age 65. Suppose you earn 8% per year on your retirement savings, how much will you have saved for retirement right at age 65? Round to the newest dollar) Answer son 11 A rich relative has bequeathed you a growing perpetuity. The first payment will occur in one year and will be $8818 each Each year after that you will receive a payment on the anniversary of the last payment that is 2.5 larger than the last payment. This pattern of payments will go on forever. If the interest rate is 756 per year, what is the present value of the best? Keep 2 decimal places)