Collins can afford $298 a month for 5 years for a car loan. If the interest rate is 6.32 percent compounded monthly, how much can he afford to borrow to purchase a car? Round your answer to 2 decimal places. Question 5 2.5 pts You're prepared to make monthly payments of $500, beginning at the first day of this month, into an account that pays 6 percent interest compounded monthly. How many payments will you have made when your account balance reaches $90,000 Hint: Set your calculator to BGN, not END. 127.52 129.98 128.22 126.95 D Question 6 2.5 pts Assume a project will produce cash flows of $167, 5263, 5335, $442 at the end of Years 1 to 4, respectively. If the discount rate is 5 percent, what is the present value of this project? Round your answer to 2 decimal places