Question: QUESTION 1 You bought a car and will pay back $306 per month for 48 months. If the rate is 4.49%, what is how much

QUESTION 1

You bought a car and will pay back $306 per month for 48 months. If the rate is 4.49%, what is how much did you borrow?

QUESTION 2

You would like to have $37,330 in 18 years.. If the rate is 7.19%, how much do you have to invest each year?

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