12) A) Compute the size of the first payment of a car loan. More specifically, youll borrow $14,500 today at an APR of 3.0%. There will be a total of 49 equally-sized (g = 0), monthly payments with the first payment due immediately.

B) Youd like to set up an investment fund in which you can withdraw $2,600 per year, each year, for 12 years. Youd like the first withdraw to occur one year from today. If the investment fund pays an effective annual interest rate of 9.4%, then how much money do you need to put in the fund today?

Enter your answer as a positive value.

C)Use Excels PV command to answer the following question. Youre due to receive a total of 28 equally-sized annual payments, each of size $500. The first payment will be received immediately. The effective annual discount rate is 7.55%. Determine the present value.