Question 3 (Subject Area: Financial Management) Ronald has taken out a car loan of $280,000 to be repaid over 3 years. interest rate is at 3.5% for the first year, 4.5% for the second year, and 5.5% for the third year. Calculate Honald's manthly payment in the first, second and third year respectively. A. $8,205,57,924,57,421 B. $8,205;58,289;$8,334 C. 58,205;512,221;524,034 D. 58,329;58,329;58,329 Question 4 (Subject Area: Financial Management) Which of the following types of business ownership imply that the nature of the liabinty of the owner(s) with respect to the business is a pervonal one? 1. Limited Riability company. 1.. Partnership. III. Sole proprietorship. A. III only B. I 8 il only C. II \&.II only D. 1, II \& III Question 5 (Subject Area: Financial Management) Ruby is 60 years oid and expects to live until at least age 80 . She is considering a proposal of an annusty from an insurance company. For a premium of $250,000, the annuity will pay her $2,500 permonth for the rest of her life until she passes away. Assume Ruby invests her Question 3 (Subject Area: Financial Management) Ronald has taken out a car loan of $280,000 to be repaid over 3 years. interest rate is at 3.5% for the first year, 4.5% for the second year, and 5.5% for the third year. Calculate Honald's manthly payment in the first, second and third year respectively. A. $8,205,57,924,57,421 B. $8,205;58,289;$8,334 C. 58,205;512,221;524,034 D. 58,329;58,329;58,329 Question 4 (Subject Area: Financial Management) Which of the following types of business ownership imply that the nature of the liabinty of the owner(s) with respect to the business is a pervonal one? 1. Limited Riability company. 1.. Partnership. III. Sole proprietorship. A. III only B. I 8 il only C. II \&.II only D. 1, II \& III Question 5 (Subject Area: Financial Management) Ruby is 60 years oid and expects to live until at least age 80 . She is considering a proposal of an annusty from an insurance company. For a premium of $250,000, the annuity will pay her $2,500 permonth for the rest of her life until she passes away. Assume Ruby invests her