Instructions	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 $367.47 a month for a 3 year loan. The rate on such a loan is 0.0528. How much money can Jacinda borrow?

2. Brian Burkhardt is planning to purchase a home and expects to borrow $704,522 to mortgage the purchase, Given a 30-year mortgage has a rate of 0.0273, the monthly payment Brian can expect to pay is:

3.An investment with semi-annual compounding has an effective rate of 0.1119. The nominal rate is: