11. [-/0.1 Points] DETAILS TANAPMATHS 4.2.022 MY NOTES PRACTICE ANOTHER Luis has $140,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $3500/quarter into the new account until his retirement 30 yr from now. If the account earns interest at the rate of 7%./year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. (Round your answer to the nearest cent.) $ Need Help? Read Talk to Tutor MY NOTES PRACTICE ANOTHER 12. [-/0.1 Points) DETAILS TANAPMATHS 4.2.024.MI. Lupe made a down payment of $1600 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 $230/month for 60 mo. What is the cash price of the car? (Round your answer to the nearest cent.) $ Need Help? Read Master 1 Talk te Tutor