8-52. Josane shat Walter bonrew 514,565.50 for s new car before they move in to Solving for he \$ieptout, Comeenteut. They ase icquired to repay the amortized loan with fout auntal payuncus of 55.000 each What is the interest rate on their loan? an How much moncy wall be in hus retureneat acconut when he relues? b. Norman also mipnots fus mothet. At Nonman's icticuen party. Mother tells laun they will nced $2,000 each noeath in eqder to pay for ther living expenses. Using the precectang interest tate and the toral atcount balsuce foom pait s, for how inany years will Noman kecp Mother hawy by withdrawhug 36,000 at the end of each quafter? It is very impertana thot Nonusa keep Moulier happy Weetl-N.Whack Lawn Service to trim the hedges in his parden Betause of his given Jack a choice of fonr different paymeut optious. Which of the fothrwing foen eprions would you reconunend thas Jack choose? Why? - Oprioa 1. Pxy S5.650 castu inanediately. - Option 2 Pay 56,750 cash at onc lumip sum two years frona now. fiven aw:- hack telis you he eas eam 8 percent iaterest, cong cunded quanerly, on his to Challenge Problem Wywat tie? atanal imeres' tate of 6 percent A. Hors makel, would Slick's menthly car payments be for a fous-year loan? h. How mach woult Slick's monthily car payments be if he obtains a sic. Solving for a Mortgage Loan Payment yeat loas m the same inderest rate