Question: please answer ALL 5 #1 + Derek decides to buy a new car. The dealership offers him a choice of paying $533.00 per month for

please answer ALL 5 #1 + Derek decides to buy a newplease answer ALL 5

#1 + Derek decides to buy a new car. The dealership offers him a choice of paying $533.00 per month for 5 years (with the first payment due next month) or paying some $28,633.00 today. He can borrow money from his bank to buy the car. What interest rate makes him indifferent between the two options? unanswered not_submitted Submit Attempts Remaining: Infinity 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)) #2 Derek wants to withdraw $10,318.00 from his account 5.00 years from today and $12,731.00 from his account 15.00 years from today. He currently has $2,284.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 5.90% interest rate. His account must equal zero by year 15.0 but may be negative prior to that. unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. #3 Derek currently has $10,879.00 in an account that pays 5.00%. He will withdraw $5,723.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $10879.0 every other year beginning two years from today until he has made 7.0 deposits. How much will be in the account 24.00 years from today? unanswered Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. Derek can deposit $217.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 15.00% and compounds interest monthly. Derek can deposit $2,583.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after 10 years? . unanswered not submitted Attempts Remaining: Infinity Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) 15 Assume the real rate of interest is 3.00% and the inflation rate is 3.00%. What is the value today of receiving 14,926.00 in 15.00 years? . unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places

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