Question: Im having trouble with all three. If you could do more than one that would be awesome. Derek decides to buy a new car. The

Im having trouble with all three. If you could do more than one that would be awesome.
Im having trouble with all three. If you could do more than

Derek decides to buy a new car. The dealership offers him a choice of paying $555.00 per month for 5 years (with the first payment due next month) or paying some $28,227.00 today. He can borrow money from his bank to buy the car. What interest rate makes him indifferent between the two options? Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243)) Derek wants to withdraw $11,014.00 from his account 7.00 years from today and $12,335.00 from his account 14.00 years from today. He currently has $3,265.00 in the account. How much must he deposit each year for the next 14.0 years? Assume a 5.25% interest rate. His account must equal zero by year 14.0 but may be negative prior to that. Submit Answer format: Currency: Round to: 2 decimal places. Derek currently has $12,497.00 in an account that pays 4.00%. He will withdraw $5,379,00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $12497.0 every other year beginning two years from today until he has made 4.0 deposits. How much will be in the account 27.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places

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