How much would you have to deposit each year in an account paying 12% interest annually to

| September 28, 2018

How much would you have to deposit each year in an account paying 12% interest annually to accumulate a balance of $5,000 at the end of the fifth year? (Note: the deposits are made at the end of years 1 through 5)$2,837$787$417$1,387Tom’s Toyotas has a 2012 4 Runner on sale for $16,995. If you could borrow that amount from Tom’s Credit Union at 7% for 4 years, what would be your monthly loan payments?$232.30$378.85$406.97$5,017.40

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