for these questions, we are exposed to the finance app on the scientific calculator. When applicable, please just plug in values, calculation not required:

N=

I=

PV=

PMT=

FV=

P/Y=

C/Y=

5. Arjun is opening a summer business as a handyman. He has 50 clients. He wants to earn $8000 over the summer. Equipment and supplies for all the projects costs $4500 which he will finance with a bank loan at 5.0%, compounded monthly, which he will pay off with regular monthly payments of $650. ( 10 points) a) How much will it cost Arjun to run his business? Show your work. b) On average, how much should Arjun charge each client if he wants to make his desired profit of $8000 ? Show your work