1. Assume that a piece of property is purchased for $75,000. A 20 \& down payment is made and the rest is financed through a 30 -year mortgage loan with a 12 o annual interest rate, compounded monthly. The loan will be repaid in equal monthly payments. Calculate the monthly payments. 2. You have saved $2,500 toward a new car and you believe that you can afford monthly payments of $250. (a) If your bank offers financing terms of 60 months at a nominal 12q interest, what is the most you can pay for a car? (b) The dealer offers 9% financing but the loan is for 36 months. What is the most you can pay for a car on this basis? 3. Two types of power converters are under consideration for a specific application. An economic comparison is to be made using a MARR of 20% and the following cost estimates: Determine the Equivalent Annual Costs (EUAC), of the two alternatives and recommend the economically superior system. 4. Using an eight-year analysis period and a 15% interest rate, determine which alternative should be selected