CP$-$TVM$-$submit in Canvas

Use these factors to answer questions $($ROUND ANSWERS TO NEAREST DOLLAR$)$

You want to buy a $$27,000$ car today and will be making monthly payments

for the next $5$ years. What is your car payment if your borrowing rate is $6\%?$

You want to have $$35,000$ at the end of $5$ years to buy a new car. How much

should you save each month to achieve your goal if you can earn $6\%?$

You invest $$15,000$ today in an account and will leave the money invested for $4$

years. Your average investment rate is $8\%,$ what amount will you have in the

account at the end of the $4$ years? $

You plan to invest $$5,000$ every year for the next $4$ years. What will be the

value of your investment at the end of the $4$ years if you can earn $8\%$ annual

interest? $

Your grandparents have decided to give you $$25,000$ in $4$ years for graduate

school. Assuming your grandparents are earning $8\%$ annually, how much do

they need to invest today so that have the $$25,000$ to give you in $4$ years?