1.) You are buying a new car. The cost is $50,000 with 10% down, payable and 60 equal monthly payments which include interest at an annual rate of 8%. Where are the monthly payments?

2.) On January 2, Matthew's truck company made 50,000 credit sales under the terms 2/10, n/30. If Matthew receives a payment of the account on January 11, the amount of cash received is

Please please please right out FV, PV, PMT out like this for example or it will not be helpful.

500 FV

10 N

5 I/Y