22. You want to purchase a new car that is listed for $7500. The dealership offers you a loan that would require a fixed annual payment for four years with 8% annual interest. What is the balance of your loan after two years? (Hint: First, use the TVM function to find PMT) A. $1,664,41 B. $2,264.41 C. 52,971.19 D. $4,038,04 E. 55,835.59 23. Assume inflation is expected to be 5% next year, 7% the following two years, and 8% thereafter, Find the average expected inflation rate over Years 1 to 7? A. 6.87% B. 7.01% C. 7.29% D. 7.45% E.7.61%