Se When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 5.6 % per year. The annual payment on the car is $5,400. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned the car for four years (so there is one year left on the loan)? se a. You have owned the car for one year (so there are four years left on the loan)? The payoff if you have owned the car for one year (so there are four years left on the loan) is $(Round to the nearest cet) b. You have owned the car for four years (so there is one year left on the loan)? see s The payoff if you have owned the car for four years (so there is one year left on the loan) is S(Round to the nearest cent) You are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 8% per year. What will be your annual payment if you sign this mortgage? The annual payment is5 (Round to the nearest dollar) see