1. You are considering leasing a car that cost $34,000. The lease will be for 5 years and requires monthly payments. Somewhere on the lease paperwork you notice a statement to the affect that you will be charged an APR of 5.4000%. Assume the car will be worth $16,000 at the end of the lease. How much will your payments be? $413.13
2. Today you open a new investment account for your company. The account has had an average yield of 9.5600% pa. over the last three years and compounds every quarter. You plan to deposit $6,000 into this account every month, at the end of the month. Your first deposit will be at the end of this month. How much will you have in this account 3 years from now?. $248,73732