Question: please help with these two! thanks If you borrow $22,000 for a new car and the terms of the loan call for 5 years of
please help with these two! thanks
If you borrow $22,000 for a new car and the terms of the loan call for 5 years of monthly payments at a quoted annual rate of 6%, What is your monthly payment? 1) $4,400 2) $572 3) $5,223 4 4) $ 425 Question 2 (2 points) How much money will you need today if you want to withdraw $2,500 each year for 10 years and can earn 5% annually? 1) $31,444 2) $27,659 3) $25,000 4) $19,304
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