#4 and #5 no work needs to be shown

4. How much do need to have in the bank for allowing you to withdraw $4000 per month for the next 20 years at a 8% annual percentage rate? a. $467,678.17 b. S 478,217.17 C. $345,768.17 d. None of the above 5. What is the maximum amount you can borrow if you can pay $400 monthly for a period of 30 years at a market rate of 6% APR? a. $66,716.65 b.$63, 786.65 c. $56,678.65 d. $78,567.65