Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values, to two decimal places for dollar or period values and four places for percentages stated as decimals; do not label answers with symbols such as $ or %. For example, 10.5% should be input as .1050

1. Jacinda Herschel wants to buy a car and determines she can afford to pay $295.02 a month for a 3 year loan. The rate on such a loan is 0.0598. How much money can Jacinda borrow?

2.Seamus McIntyre started saving for retirement today by investing $241 in an account earning 0.0888. He plans to continue with monthly contributions of the same amount for 32 years. The present value of his investment is: