Royall Company purchased a delivery truck at $25,000 plus 8% sales taxes. Royall paid $3,000 in cash and financed the rest at 6% requiring 40 equal monthly payments at the end of each month. Compute the amount of the monthly payment that Royall must pay. Example of Answer: 4000 (No comma, space, decimal point, or $ sign) Round amounts: 2.31=2;2.65=3 Answer: 570 Question 5 Retaken John won a lottery that will pay him $500,000 at the end of each of the next twenty years. Assuming an appropriate interest rate is 8% compounded annually, what is the present value of this amount? Example of Answer. 4000 (No comma, space, decimal point, or $ sign) Round: 2.31=2;2.65=3 Answer: 4909050