Jason bought a car for $40,000 upon graduation from college with an engineering degree and a very good job offer. A down payment of $5,000 was paid by his dad as graduation gift. The rest of the amount was financed with Generous Motors at 6% nominal interest with 60 monthly payments, the first payment which is to start at the end of 13th month. Determine his monthly payment. a) $452.67 b) $583.33 c) $717.38 O d) $752.68 Oe) $828.90

The Stafford plan now offers student loans at 4% annual interest. After two years the interest rate will increase to 7% per year. If you borrow $5,500 now and $5,500 each year thereafter for a total of four installments of $5,500 each, how much will you owe at the end of year 4? Interest is computed at the end of each year. Click the icon to view the interest and annuity table for discrete compounding when i= 4% per year. Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year. At the end of year 4 you will owe (Round to the nearest dollar.)

Solve with both simple interest rate and compoundes as well!!!

yara is saving up for a new tesla. She has no money right now. she is going to put $6150 away in year 1, increasing by $1000 per year starting in the second year, and so on, for 12 years. Interest is 9.5% per year compounded monthly. Calculate: a. the present worth b. the future worth at the end of year 12 c. the future worth at the end of year 12 if there was zero compound interest applied