1.Determine the periodic paymentsPMTon the given loan or mortgage. (Round your answer to the nearest cent.)

$80,000borrowed at3% for10years, with monthly payments

PMT=

2.Equilibrium Price: SkateboardsThe demand for your factory-made skateboards, in weekly sales, isq=7p+ 50

if the selling price is $p. If you are selling them at that price, you can obtainq=3p30

per week from the factory. At what price should you sell your skateboards so that there is neither a shortage nor a surplus? (Round your answer to the nearest cent.)

$