Question: 1. You bought a car and will pay back $252 per month for 48 months. If the rate is 4.03%, how much did you borrow?

1. You bought a car and will pay back $252 per month for 48 months. If the rate is 4.03%, how much did you borrow?

2. You would like to have $30,891 in 14 years. If the rate is 9.61%, how much do you have to invest each month?

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