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Sarah borrows some money to buy a new car. The car dealership allows her to defer payments for 12 months and Sarah makes 60 end-of month payments thereafter. If the original loan is $26180 and

Sarah borrows some money to buy a new car. The car dealership allows her to defer payments for 12 months and Sarah makes 60 end-of month payments thereafter. If the original loan is $26180 and interest is 9% compounded monthly, how much will Sarah's monthly payment be? 0 Select one $1072 5476 © $715 $596 $1191
Tom Stone would like to have a sum of $20000 accumulated from an investment in 7 years that pays an interest rate of 6% compounded continuously. What is the value of the investment? Select one O $2628 $13141 $19711 56579 $13759

Apr 05 2021 View more View Less

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