10. You take a SY loan at 12%(12) and make a $R payment at the beginning of each month with the smaller last payment of $X. Assuming that the following time line is correct, which of the following equations is correct? 0 1 2 3 4 77 78 79 ------------- --- SRSRSRSRSR $R SR $X R781% X a. Y = Rd782% + (1.01) b. Y (1.01) X c. Y = R79|1% + (1.01) d. Y = R79|1% X + (1.01)00 11. You need $30,000 to purchase a new car. If you save $469 per month at the end of each month, how many months do you need to make $30,000 including the last smaller payment? The interest rate is 6%(12). a. 50 b. 53 c. 56 d. 60