Job is determined that he can afford to pay $800 per month toward purchasing a new convertible sports car. Job notices an advertisement in the paper for a bank loan at the rate of 8% pa and he wants to make monthly payments over the next 5 years. How much can Job borrow now to buy the sports car? Lim, who is 35 years old, has just inherited $25,000 and decides to use the windfall towards her retirement. She places the money in a bank which promises a return of 6% per year, compounded monthly, until her planned retirement in 25 years. How much will she have at retirement from this plan