11. Suppose you want to provide a perpetual scholarship funding to W&J with $1.5 million that you have. You expect the fund to earn 4% interest and begin making scholarship payments today. How much will the annual scholarship payment be? ( 7 points) 12. You want to buy a new sports coupe for $84,600, and the finance office at the dealership has quoted you a 7.1 percent APR loan for 48 months to buy the car. (10 points) a. What will your monthly payments be? (7 points) b. What is the effective annual rate (EAR) on this loan? (3 points)