You purchase a car worth $28647 and make a down payment of $3446. You intend to repay the balance of the car with month end car payments of $341 for 5 years and a final "buyout" at the end of 5 years. Money can earn 4.18% compounded semi-annually. What is the monthly compounded rate of interest that is equivalent to 4.18% compounded semi-annually? You purchase a car worth $28647 and make a down payment of $3446. You intend to repay the balance of the car with month end car payments of $341 for 5 years and a final "buyout" at the end of 5 years. Money can earn 4.18% compounded semi-annually. What is value of your car loan in terms of dollars in 5 years? You purchase a car worth $28647 and make a down payment of $3446. You intend to repay the balance of the car with month end car payments of $341 for 5 years and a final "buyout" at the end of 5 years. Money can earn 4.18% compounded semi-annually. What is the monthly compounded rate of interest that is equivalent to 4.18% compounded semi-annually