PLEASE ANSWER BOTH QUESTIONS 1. What is the price of a car if the...
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PLEASE ANSWER BOTH QUESTIONS
1. What is the price of a car if the loan from the bank to buy it involves annual payments of $7,600.00 to the bank for 5 years at an annual interest rate of 8.68 percent with the first annual payment made to the bank in 1 year and a special payment of $5,130.00 to the bank in 5 years?(Round the decimal to 100th place) 10 points
QUESTION 2 What is the price of a car if the loan from the bank to buy it involves annual payments of $6,110.00 to the bank for 5 years at an annual interest rate of 10.22 percent with the first annual payment made to the bank in 1 year and a special payment of $5,380.00 to the bank in 4 years?(Round the value to 10th decimal and enter positive value)
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