24) Drew receives an inheritance that pays him $50,000 every three months for the next two years. Which of the following is closest to the present value (PV) of this inheritance if the interest rate is 8.5% (EAR)? A) $400,000 B) $365,322 C) $364,309 D) $354,223 25) You are considering purchasing a new automobile that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month) Assuming you finance the entire $28,000 and finance through the dealer, your monthly payments will be closest to: B) $1454 C) $467 D) $527