Question: if you could put the equation so i can learn and understand. ty Sample Midterm Exam Name Each question is worth 5 points for 11)

if you could put the equation so i can learn and understand. ty if you could put the equation so i can learn and understand.

Sample Midterm Exam Name Each question is worth 5 points for 11) You are saving money to interest rate of 6% (APR), how muc A) $23,478.46 11 rth points for a maximum total grade of 100 points. buy a car. If you save $310 per month starting one month from now at an "R), how much will you be able to spend on the car after saving for 4 years? B) $16,770.33 C) $10,062.20 D) $20,124.40 12) If the current rate of interest is 7% year and lasts 18 years is closest to A) $24.479 B) $57,119 interest is 7%, then the future value (FV) of an investment that pays $1200 per 12) C) $48,959 D) $40,799 13) A(n) 12% APR with monthly compounding is closest to A) an EAR of 25.36% C) an EAR of 10.14% B) an EAR of 15.22% D) an EAR of 12.68% 14) A bank pays interest semiannually with an Pays interest semiannually with an period not APR) applicable semiannually? A) 7.56% B) 5,04% AR of 13% What is the periodic interest rate (rate per 14 C) 6.30% D) 12.60% 13 You are borrowing money to buy a car. If you can make payments of $300 per month starting one month from now at an interest rate of 4% APR, how much will you be able to borrow for the car today if you finance the amount over four years? A) $6,358.54 B) S15,587.88 C) $13,067.62 D) $13,286.65

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