Johns’ statement shows a previous balance of $745.00, a payment of $425, and a new transaction of $622.00. His APR is 10.4%. What is John’s new balance? (Answer: $944.79) SHOW WORK PLEASE.
Nora is buying a used car valued at $7230. It is expected to depreciate an average of 8% each year. Predict the value of Nora’s car in 4 years. (Answer: $5179.52) SHOW WORK PLEASE.