Put your answers in bold please, and thanks in advance. 25

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You want to buy a new sports car from POR Motors for $47,000. The contract is in the form of an annuity due for 48 months at an APR of 6.75 percent. What will your monthly payment be? Mariota Corporation just paid a dividend of $3.25 per share on its stock. The dividend growth rate is expected to be 4.25 forever and investors require a return of 11.5 percent on this stock. What will the stock price be in 7 years