3. Getting a job far from home after graduating from LUMS, you realce that you will need to purchase a car Unfortunately, since you do not have ample amount of savings, you take a loan of Rs. 500,000 from a bank at 12% pa to be paid in 3 years in equal monthly installments. Calculate the PVIFA (round to two decimal places) Interest paid and Principal payment for the period Instructions for entering your answer. For example, type your answer as Rs 100" to gain full points. If your answer has decimal points, be sure to round them off to the nearest Rupee for eg if your answer is Rs. 100.78". You will enter it as "Rs, 101" OR your answer is Rs 100.38", you will write it as "Rs. 100" DO NOT round of decimals in Intermediate calculations 4 You decide to rent out the upper portion of your house and the tenant gives you two options to take your rent The first option is to take annual rent of RS 200 000 at the beginning of the period and the second option is to take the annual rent of Rs 225,0001. of the end of the period for a total of 5 years Assuming that the annual rate of return is 9%, which option should you choose to receive rent? (Write us or Second) How much is the difference between both payment options (Use absolute value) instructions for entering your answer For example, type your answer as "Rs 100to gain tul points. If your answer has decimal points, be sure to found them off to the nearest Rupee for of your answer is Rs. 100.78". You will entertas Rs. 101' OR your answer is "Rs. 100.38* you will enteritas "R100" DO NOT Yound off decimals in intermediate cications