Question: Please show detailed work Assume you are purchasing a Tesla for $45,000 loan with a quoted APR of 3.5% for a five- year loan. Compute

Please show detailed work

Please show detailed work Assume you are purchasing a Tesla for $45,000

Assume you are purchasing a Tesla for $45,000 loan with a quoted APR of 3.5% for a five- year loan. Compute the future value of this loan (i.e., the total amount you will have paid for the car at the end of the loan including interest) assuming the financial institution compounds the interest: 1) annually 2) semi-annually 3) monthly 4) daily 5) continuously

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