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Your grandmother has been putting $3,000 into a savings account on every birthday since your first (that is, when you turned one). The account pays

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Your grandmother has been putting $3,000 into a savings account on every birthday since your first (that is, when you turned one). The account pays an interest rate of 9%. How much money will be in the account immediately after your grandmother makes the deposit on your 18th birthday The amount in the account upon your 18th birthday is $371712. (Round to the nearest dollar.) When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 5.5% per year. The annual payment on the car is $4,800. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned the car for four years (so there is one year left on the loan)? a. You have owned the car for one year (so there are four years left on the loan)? The payoff if you have owned the car for one year (so there are four years left on the loan) is $. (Round to the nearest cent.)

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