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A Hummer H3 sells for $94,000 tax included. GMAC lends money at the rate of 9.7% APR. If you buy the car and borrow through GMAC, then what are the

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A Hummer H3 sells for $94,000 tax included. GMAC lends money at the rate of 9.7% APR. If you buy the car and borrow through GMAC, then what are the

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A Hummer H3 sells for $94,000 tax included. GMAC lends money at the rate of 9.7% APR. If you buy the carand borrow through GMAC, then what are the monthly (end-of-month) payments for a 9-year term? What is the amount of the monthly payment? $l:| (Round to the nearest cent.) The Shelby Cobra retails for $46,821 (all taxes included). What are the monthly loan payments for the car if you make a down payment of 34,263, the term is 5 years and the APR is 14.5%? (Car loan payments are made at theend of each month.) What is the amount of the monthly payment? $|:l (Type a number to the nearest cent.) Determine the present value of each of the following perpetuities. Annual Discount Present IEPerpetuities Amount Rate We) Value [5}A 25,000 6B 78,000 12C 58,000 17 Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $288.41starting immediately. In addition, he will make a final lump-sum payment of $170 three years from today. Whatrate of return are you earning on the loan? What rate of return are you earning on the loan? |:|% (Round to two decimal places.) Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing$2,600. He continued to deposit the same amount on every subsequent birthday until he was 28 years old. Afterdepositing $2,600 on his 28th birthday Uriah decided to abandon his savings plan. He never saved again, but heleft the accumulated savings in the bank account. The bank paid an interest rate of 8%. When Uriah turned 65,he withdrew the money from the bank. What was the amount of his withdrawal? What was the amount of Uriah’s withdrawal when he turned 65? $|:| (Round to the nearest cent.)

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