3) Identify if PVA,FAV,PVLS,FVLS,IRR or NPV

Make a timeline

You want to spend $48,000 for a car in 6 years. You currently have $7,000 saved up with an account earning 5.60%. Your Brother wants to help you to buy the car and he is willing to give you $275 every two months for the next 6 years and this money will earn 7.125% in an account. This will not be enough money however, so you will have to take out a loan, but can only afford $310/month for the payments. The loan will have an interest rate of 4.3% for 5 years.

Will this end up being enough money? How much will the shortfall or surplus be?