A student is buying a new car. The car's price is $26,500, the sales tax is 8%, and the title, license and registration fee is $450 to be paid in cash. The dealer offers to finance 90% of the car's total price for 48 months at a nominal interest rate of 9% per year, compounded monthly. The monthly payment is i) $664.15 $651.46 $561.64 $541.66

14. On January 1, 1997, your brother bought a used car for $8,200, and he agreed to make a down payment of $1,500 and repay the balance in 36 equal payments, with the first payment due February 1. The nominal interest rate is 13.8% per year compounded monthly. During the summer your brother made enough money so that he decided to repay the entire balance due on the car as of September 1. How much did he repay on September 1? (4.3)

Lourdes has just retired and plans to consume $12829 from the retirement account every year for the next 14 years starting one year from today, meeting the rest of the expenses from other resources. If the annual interest rate is 9% compounded bimonthly, how much does Lourdes have in the retirement account today?

The monthly average cable TV bill in 2017 is $74.72. If cable costs are climbing at an annual rate of 7% per year, how much will the typical cable subscriber pay in 2023? Assume annual compounding. Click the icon to view the interest and annuity table for discrete compounding when i= 7% per year. The typical cable subscriber will pay $ per month in 2023(Round to the nearest cent.) G