I need formulas for them as well.

Thanks

Question 1 You are interested in buying a brand new Jalopy and expect the purchase price to be $19,000. The car dealership can offer financing at a 6% interest rate over 6 years. If you put $1,000 down towards the purchase and accept the financing terms, $298.31 what will your monthly payment for the loan be? 4 points Question 2 A notoriously haunted house in Tampa has come on the market with a sales price of $150,000. Believing this to be a steal for your family, you think you can buy the home at that price and finance $125,000 for 15 years at a 5% interest rate. $988.49 What would your monthly payment be? 4 points Question 3 A privately run, for-profit, prison is considering ways in which it can cut its monthly costs and therefore increase profit. One idea it is considering is to pay a judge to guarantee convicted prisoners in poor health win their appeals and are set free. $49,701 The prison believes it can realize the monthly cost savings below over the initial year of the plan. What is the present 4 points value of the first year's monthly cost savings? Assume a discount rate of 8%. Month 1 2 3 4 5 6 Savings ($) 3,500 6,000 6,500 9,000 9,000 9,000 9,400 9,800 4,800 5,000 2,000 3,500 77,500 7 8 9 10 11 12 Total Question 4 Off-The-Books Investment Firm, LLC, has offered you an investment it says will return to you $20,000 in 2 years. To get in, you'll need to make a $10,000 deposit to their receivables account and promise not to tell anyone about it. What is the annual return on this investment? 41% 4 points