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Ayman wants to purchase a used BMW for $ 30,000.00. He could pay $ 4000.00 at purchase and wishes to pay the balance in 5

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Ayman wants to purchase a used BMW for $ 30,000.00. He could pay $ 4000.00 at purchase and wishes to pay the balance in 5 yearly equal installments at a 12% interest. How much would ayman yearly installments payment be? 4:18 PM VI Shaima wants to buy villa in another 6 years. The type of villa she wants to buy is currently selling for $ 40,000, and the price will increase at a compound rate of 10% per year. Shaima can presently invest in a bank fixed deposit earning a compound annual rate 14% per year. How much money must shaima deposit in the bank each year to be able to purchase a villa in 6 years from now? 4:20 PM

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