please answer both. refer to the question above for # 5.

A contractor estimates maintenance costs for a new backhoe to be $203 for the first month with a monthly increase of 0.5%. If the annual interest rate is 6%. The contractor is planning to sell it after 4 year. What is the present value of maintenance cost? the Question 5 For the same contractor in question 5, if it can buy a 4-year maintenance contract with a uniform monthly payment of $306, given the same annual interest rate is 6%, what is the present value of the maintenance contract? 1/2% n 1 2 Single Payment Compound Present Amount Worth Factor Factor Find P Given F P/F Find F Given P F/P 1.005 1.010 1.015 1.020 9950 9901 9851 9802 Sinking Fund Factor Find A Given F A/F 1,0000 4988 3317 2481 Compound Interest Factors Uniform Payment Series Capital Recovery Factor Find A Given P A/P 1.0050 5038 .3367 2531 Compound Present Amount Worth Factor Find P Given A P/A Factor Find F Given A F/A 1.000 2.005 3.015 4.030 0.995 1.985 2.970 3.951 Arithmetic Gradient Gradient Present Worth Find P Given G P/G Gradient Uniform Series Find A Given G A/G 0 0.499 0.996 1.494 5 pts 0 0.991 2.959 5.903 1/2%