2) (4 points) Adam has recently received an inheritance, and is considering paying off the loan on his car with one lump sum payment. The loan requires a payment of $550 per month and there are 36 payments left. The interest rate under the loan is 6% APR. To pay off the loan, he will also have to pay an admin fee equal to 2% of the loan outstanding. How much money does he need to pay off the loan? Suppose instead that the loan interest rate is 6% p.a. semi-annual compounding. How much money will he need