You plan to deposit $300 each month into an IRA earning 0.85% interest monthly How much will you have in your account in 20 years? You want to borrow $35,000 to buy a new car. Your annual interest rate is 7.0% over 3 years with monthly payments. Calculate your monthly payment. You have already saved $6775 to buy a used car. You invest this money in a certificate of deposit earning 0.45% APR compounded monthly. How many years will it take your account to reach your target of $7500 in order to buy the new car