Suppose that you have the option to lease a new Mitsubishi Eclipse, which you otherwise intend to buy. You must put $2000 down, and will make payments of $307 per month for 48 months, at the beginning of each month. Upon termination, you can purchase the car for an additional payment of $7000 at lease expiration. Alternatively, the dealer has offered to finance the purchase at 6.7% APR for 48 months, with nothing down, yielding payments of $467 per month at the end of each month. If you choose to purchase the car using dealer financing, rather than choosing the lease-purchase option, how much have you saved (+) or lost (-) on the effective purchase price of the car in dollars and cents. (make your answer positive when you save, negative when you are paying more.)

Please

Assuming I deposit my signing bonus of $36,000 at 9% APR, compounded annually, how much will I have upon retirement in 20 years?

I want to know how calculate CR and please don't give handwritten answer.. Thanks​​​​​​​

Suppose that you drive 36,000 miles per year and gas averages $3.60 per gallon. What will you save in annual fuel expenses by owning a hybrid car averaging 40 miles per gallon rather than an SUV averaging 12 miles per gallon? If you deposit your monthly fuel savings at the end of each month into an annuity that pays 5.2% compounded monthly, how much will you have saved at the end of six years? Round all computations to the nearest dollar.

4) (28 points) An employee has decided to make annual contributions over a 15-year period into a retirement fund. She wants to make her first contribution of $5,000 one year from now (t=1). She then plans to increase her annual contribution by $500 each year for the remaining years. The fund is expected to earn 15% per year compounded annually. She decides to retire in 15 years (from now). a) (20 points) Assuming that the fund will be depleted when the last withdrawal is made, what equal amount can she withdraw annually for a period of 10 years starting one year after retirement? b) (8 points) If she wants the fund to have a balance at the time of the 10th withdrawal exactly equal to the balance it had when she retired, what equal amount can she withdraw annually for a period of 10 years starting one year after retirement?

Suppose that on September 30, 2021, a person opened an investment account with an initial deposit of $20,000.  The account guarantees to pay interest at a nominal annual rate of 6%, compounded monthly. The person plans to deposit $3,000 into the account at the end of each and every month starting on October 31, 2021 and ending on March 31, 2024 (a total of 30 additional deposits). (a) How much money will be in the account after the 30th additional deposit is made?  (b) What is the total amount of interest that will be earned over the 30-month planning horizon?  (c)  What is the effective annual interest rate that will be earned?  Express your answer to the nearest tenth of a percent, i.e., in the form xx.x%.