You have just leased a car that has monthly payments of $365 for the next 4 years with the first payment due today. If the APR is 6.84 percent compounded monthly, what is the value of the payments today? Multiple Choice $13,979.07 $15,908.19 $14,889.73 $15,376.98 $15,289.83 You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $36,000. You feel you can earn an APR of 10.8 percent compounded monthly and plan to save $440 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation? Multiple Choice 5.13 years 6.82 years 5.38 years 4.74 years 5.87 years You plan to save $390 per month starting today for the next 48 years "just to start the month off right." You feel that you can earn an interest rate of 9.5 percent compounded monthly. How much will there be in the account 48 years from today? Multiple Choice $3.791,344.72 $4,611,912.71 $4,575,688.51 $4,183,516.61 $4,151,522.47 es If you earn an annual interest rate of 9.5 percent, how many years will it take to quadruple your money? Multiple Choice O 13.89 years 12.22 years 13.37 years 15.28 years 14.10 years