Question 1: (4 points) Khalid plans to buy a car. The car cost 100,000 now. He has 50,0000 now that he will use to pay as a down payment. He will pay the remaining in five equal amounts staring from the end of year 3. How much he needs to pay every year? Assume annual interest rate of 5% Question 2: (4 points) Ali plans to deposit 8 annual deposits starting from end of the first year. In the first year he will deposit $1000. Every year the deposit will increase by 400 more than the previous year. Assuming that he will not deposit other amounts. The interest rate is 10%. What will be in the account at end of year 11? Question 3: (2points) What a single amount at end of year 3 is equivalent to 6 equal annual amounts of 1000 starting now till end of year 5? Assume the interest rate is 8%