Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.)$724at 5.5% compounded quarterly for5years$2360.542.0/1.66 points|Previous AnswersSmithNM12 11.1.046.My Notes|

Suppose that an insurance agent offers you a policy that will provide you with a yearly income of$30,000in 30 years. What is the comparable salary today, assuming an inflation rate of4%compounded annually? (Round your answer to the nearest cent.)
$99603.513.0/1.66 points|Previous AnswersSmithNM12 11.2.025.My Notes|

Convert the credit card rate to the APR.Oregon,1

%per month23.14%4.1.25/1.66 points|Previous AnswersSmithNM12 11.2.045.My Notes|

Assume the car can be purchased for 0% down for 60 months (in lieu of rebate).A car with a sticker price of$42,950with factory and dealer rebates of $5,100(a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.)
$715.83
(b) Find the monthly payment if financed at 2.5% add-on interest for 60 months. (Round your answer to the nearest cent.)
$709.69
(c) Use the APR approximation formula to find the APR for part (b). (Round your answer to one decimal place.)
(No Response)%
(d) State whether the 0% APR or the 2.5% add-on rate should be preferred.0% APR2.5% add-on rate5.0/1.66 points|Previous AnswersSmithNM12 11.5.020.CMI.My Notes|

Use a calculator to evaluate anordinary annuity formulaA=m

1 + r n nt – 1

r n

form,r, andt(respectively). Assume monthly payments. (Round your answer to the nearest cent.)$150;4%;40yrA= $(No Response)