Question: Use the following problem to answer questions 8 and 9 th est for Candy purchases a new guitar costing 35,500. She put down 15% and

Use the following problem to answer questions 8 and 9 th est for Candy purchases a new guitar costing 35,500. She put down 15% and finance 6 r 3 years through the store. The store will charge her 10% per year compounded quarterly. 8. Identify the type of problem. a. Present Value with compound interest b. Future Value of an Annuity c. Present Value of an Annuity d. Amortization e. Sinking Fund 9. What are her quarterly payments? at. $469.67 b. $50235 c. $455.75 d. $40660 e. $488.80 Use the following problem to answer questions 10. ted 10. A company would like to have $400,000 in 6 years. How much should be mves semiannually into an account paying 3.6% compounded semiannually? a. $30,681 .3 8 b. $29,754.02 c. $34,245.54 d. $30, 160.79 6. $28,541.46

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