Question

# (Nonannual compounding using a calculator​) Jesse Pinkman is thinking about trading cars. He estimates he will...

(Nonannual compounding using a calculator​) Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow ​\$30,000 to pay for his new car. How large will​ Jesse's monthly car loan payment be if he can get a 7​-year (84 equal monthly​ payments) car loan from the​ university's credit union at an APR of 7.1 percent compounded​ monthly? ​

Jesse's monthly car loan payment will be ​\$ ​(Round to the nearest​ cent.)

(Compound annuity​) You plan on buying some property in Florida 6 years from today. To do​ this, you estimate that you will need \$45,000 at that time for the purchase. You would like to accumulate these funds by making equal annual deposits in your savings​ account, which pays 9 percent annually. If you make your first deposit at the end of this​ year, and you would like your account to reach \$45,000 when the final deposit is​ made, what will be the amount of your​ deposits?

The amount of your​ end-of-year deposits will be \$ ​(Round to the nearest​ cent.)

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SOLVED WITH BA II PLUS CALCULATOR

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