6. (1pt) You have found the car you would like to purchase. The negotiated price =$57,500 and you are taking out a loan with a 7,5% APR compounded monthly for 6 years. What are your monthly 7. (1pt) PV ANNUITY, You just won the Florida Lottery! You have two options on how to receive your payout. You use a 5% APR annual compounding to compare. Which option would you choose? OPTION 1: Annuity. $450,000,000 paid in installments of $15,000,000 at the end of every year. OPTION 2:$281,874,999 paid in cash today. b) Which option would you choose and why? 8. (1pt) You just retired and have $450,000 in savings. These savings are in an account that earns 6% APR compounded monthly. You believe you need to withdraw $4,500 each month at the beginning of the month to pay all your bills. How manv mnnthe cuall wan... want to pay off the truck in 5 years with equal, monthly payments made at the beginning of each month. What is your monthly pavment