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Need short explanation, thanks! 5. If Lisa Hamilton wants to fund a scholarship that would pay $12,500 per year forever at GSU, how much would

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Need short explanation, thanks!

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5. If Lisa Hamilton wants to fund a scholarship that would pay $12,500 per year forever at GSU, how much would Lisa have to deposit today if she wanted the scholarship to start paying six (6) years from today? Assume the endowment could earn 6.25% pa. interest forever. 6. mm currently owes $26,000 on a car loan at 4.25 percent interest. If Wmakes monthly payments of $596.59 per month, how long (i.e., number of months rounded to one decimal place) will it take him to fully repay the loan? USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING THREE QUESTIONS Vito Scam just bought his dream car, a 2020 Bugatti Divo, that cost $5,808,215. He paid $500,000 down and nanced the balance over 84 months at 4.25% pa (Assume that Vito makes all required payments on time). m7 1. What is the monthly payment on Vito's loan? 2. What will the balance on Vito's loan be at the end of the fourth year (that is, immediately after Vito makes his 48$payment on the loan)? 3. [What is the total amount of interest that Vito will pay over the entire term of the loan (that is, the total amount of interest that is paid on payments 1 through 84)

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