Question 5: (20 points) (A) Mr. Mansoor, a graduate bought a new car. The cash price is $ 60,000; he made a $ 5,000 down payment on it. The bank's loan was for 24 months. Finance charges totaled $ 12,000. What was the monthly payment? (8 points) (B) A Cement factory in KSA bought a new equipment. The cash price of the equipment is $ 45,000, putting down $ 12,000 and financing the remainder with 32 monthly payments of $ 1,190 each. Find the APR by table lookup. (8 points) (C) A university graduate bought a new car. The cash price is $ 57,000; he made a $ 4,200 down payment on it. The bank's loan was for 24 months. Finance charges totaled $ 9,800. What was the monthly payment? (Round it to $) (4 points)

Question 5: (20 points) (A) Mr. Mansoor, a graduate bought a new car. The cash price is $ 60,000; he made a $5,000 down payment on it. The bank's loan was for 24 months. Finance charges totaled $ 12,000. What was the monthly payment? (8 points) Numbering (B) A Cement factory in KSA bought a new equipment. The cash price of the equipment is $ 45,000, putting down $ 12,000 and financing the remainder with 32 monthly payments of $ 1,190 each. Find the APR by table lookup. (8 points) BUS101 - Ver A - MG 8/8 2020-2021/Spring (C) A university graduate bought a new car. The cash price is $ 57,000; he made a $ 4,200 down payment on it. The bank's loan was for 24 months. Finance charges totaled $ 9,800. What was the monthly payment? (Round it to $) _(4 points)