Lupe made a down payment of $2,500 toward the purchase of a new car. To pay...

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Lupe made a down payment of $2,500 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $240/month for 30 mo. What is the cash price of the car? O $4,433.24 $8,693.85 $6,193.85 $10,848.37 Robin, who is self-employed, contributes $4,500/year into a Keogh account. How much will he have in the account after 20 years if the account earns interest at the rate of 9.5%/year compounded yearly? O $27,637.25 $7,790.74 $243,550.05 $290,918.47 Lupe made a down payment of $2,500 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $240/month for 30 mo. What is the cash price of the car? O $4,433.24 $8,693.85 $6,193.85 $10,848.37 Robin, who is self-employed, contributes $4,500/year into a Keogh account. How much will he have in the account after 20 years if the account earns interest at the rate of 9.5%/year compounded yearly? O $27,637.25 $7,790.74 $243,550.05 $290,918.47

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1 Lupe made clownpayment of 2500 hoan is 129 and Monthly i cpd 24... View the full answer