Question: Question 4 10 points Save Answer You recently borrowed $21,000 to buy a new car. You plan on making payments every month for 3 years

Question 4 10 points Save Answer You recently borrowed $21,000 to buy a new car. You plan on making payments every month for

Question 4 10 points Save Answer You recently borrowed $21,000 to buy a new car. You plan on making payments every month for 3 years until you repay the loan. If the interest rate on your loan is 7.4%, what are your monthly payments? Submit your answer in dollars and round to two decimal places (Ex. 900.00). 10 points Question 5 Save Answer Armin's wonderful parents established a college savings plan for him when he was born. They deposited $74 into the account on the last day of each month. The account has earned 10.6% compounded monthly, tax-free. How much can they withdraw on his 18th birthday to spend on his education? Round to two decimal places (Ex. 500.00)

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