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QUESTION 6 Five years from now, you want to spend $75,000 for a fancy car....

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QUESTION 6 Five years from now, you want to spend $75,000 for a fancy car. How much must you deposit each month to achieve this goal, if you can earn an interes rate of 796 compounded monthly? O $1,485.09 $1047.59 0 $1,350.00 O $1,250.00 QUESTION 7 David purchased a car for $35.000. David paid a down payment of 1096 in cash and financed the balance. The loan terms require monthly payments for 5 years at an APR of 3.50%, compounded monthly. What is the amount of each monthly payment? $573.04 $673.04 $1.151.11

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