ques 5, 6 and 7

Question 5 (2 points) If you borrow $10 000 as a five-year loan from the bank at a rate of 8 percent, compounded annually, what is the monthly payment on this loan? $201 $2,040 $203 $2,042 Question 6 (2 points) This month Nigel has $1000 income from his job and $20 interest income. His expenses are rent $500, food and entertainment $300, car expenses $300. He has $2 000 held in bonds and a car loan of $10,000. What is his net worth? -$8 000 $80 $6 980 E$7 000 Question 7 (2 points) Maya earns $1500 per month. After payroll deductions from the government, Maya takes home 95 percent of her salary. Maya wants to use a pay yourself first method and puts $250 into her savings account before spending anything and pays $250 towards her student loans. What is Maya's saving rate? 17.54 percent 33.33 percent 35.09 percent 16.67 percent