Hello please answer questions 38, 39, 40, and 44

year used car loan for $15,875 at 2.89%; remaining hal- 26. Thm' anoe after 1 year Thirtyyear mortgage for 3210.000 at 3.6 after 12 years 27 3%; remaining balance 28 Fifteen-year mortgage for $195,000 at 2.75%; remaining bal- ance after 4.5 years e the amortization table in Example 5 ( c) to mortization Us A Exercises 2 9-3 2. answer the questions in 29. How much of the 5th payment is interest? 30. How much of the 10th payment is used to reduce the debt? 31. How much interest is paid in the rst 5 months of the loan? 32. How much interest is paid in the last 5 months of the loan? Lottery Find the cash value of the lottery jackpot (to the nearest dol- J. Yearly jackpot payments begin immediately (30 for Mega Mil- had 30 for Powerball). Assume the lottery can invest at the given Write. (See Example 7.) \"31331115516 million; 5.1% interest W $207 million; 5.78% interest Millions: $41.6 million; 4.735% interest Millions: $23.4 million; 4.23% interest .m'g applied problems. 1- -. a An auto stereo dealer sells a stereo system for Wand monthly payments of $30 for the next 3 years. amount: is 1.25% per mom/1 on the unpaid balance. imgfwstcreo system; \"Want of interest paid. John Kushida buys a used car costing $16,000. mm payments at the end of each monthly 4753\". He pays 4.35% interest, in monthly amount of each payment? amount of interest Kushida will pay. 5.4 Annuities, PresentVaIue, and Amortization 259 39. Land Mortgage A speculator agrees to pay $15.000 for a of land; this amount, with interest. will be paid over arccl P t an interest rate of 10%. 4 years with semiannual payments a Find the amount of each payment. car costing $26.750. What est rate is 4.2%, and the Alan 40. Auto Loan Alan Stasa buys a new is the monthly payment if the inter ' loan is for 60 months? Find the total amount of interest will pay. Student Loan A student education loan has two repayment options. The standard plan repays the loan in 10 years with equal monthly payments. The extended plan allows from 12 to 30 years to repay the loan. A student borrows $35,000 at 7.43% interest. 41. Find the monthly payment and total interest paid under the standard plan. 42. Find the monthly payment and total interest paid under the extended plan with 20 years to pay off the loan. Use the formula for the approximate remaining balance to work each problem. (See Examples 4( b ) and 5 (b). ) 43. Business Loan When Teresa Flores opened her law Gilli): she bought $14,000 worth of law books and $7200 wot" of oice furniture. She paid $1200 down and agreed to :1sz 1%: the balance with semiannual payments for 5 years at ii\". interest. (a) Find the amount of each payment. (b) When her loan had been reduced below $5000, Flores received a. large tax refund and decided to pay off the hum. How many payments were left at this time? 44. Mortgage Kareem Adams buys a house for $285,000. tie pays $60,000 down and takes out a mortgage at 6.9% on the bale ancc. Find his monthly payment and the total amount of inter- est he will pay if the length of the mortgage is (a) 15 years; (b) 20 years; (c) 25 years. (d) When will half the 20-year loan be paid oil"? 45. Mortgage Susan Carver will purchase a home for $257,000. She will use a down payment of 20% and nance the remaining portion at 3.9% interest for 30 years. (a) What will he the monthly payment? (It) How much will remain on the loan after making payments lot 5 years? (c) How much interest will be paid on the total amount of the loan over the course of 30 years? 46. Mortgage Mohsen Manonchehri will purchase a $230,000 home Wllll a 20-year mortgage. If he makes a down payment of 21)%and the interest rate is 3.3%, (a) what will the monthly payment be? (b) how much will he owe after making payments for 8 years? (c) how much in total interest will he pay over the course of the 20-year loan