SOlVE IT USING DATA FROM GROUP 28 (QUESTION 2)

Group Question 1 Question 2 Question 3 Question 4 Question 5 x1 x2 (%)x1 x2 (%)x1 x2 %)x1 x2 %)x1 (%) x2 $18,000 4% $20,000 0.25% $10,000 0.25% $2,000 4% 4% $50 2 822,000 5% $22,000 0.50% S12,000 0.50% $2,5005% 5% $100 3 $24,000 6% $24,000 0.75% $14,000 0.75% $3,000 6% 6% $150 4 526,000 7% $26,000 1.00 16,000 1.00% $3,500 7% 7% $200 5 $30,000 8% $28.000 2.00% $18,000 2.00%$4,000 8% 8% $250 6 $30,000 9% $30,000 3.00% $10,000 3.00% $4,500 9% 9% $50 7 $20,000 10% $20,000 4.00% $12,000 4.00% $5,0001 10% 10% S100 8 822,000 12% $22,000 0.25% $14,000 0.25%$2,000 12% 12% $150 9 $24,000 15% $24,000 0.50% $16,000 0.50% $2,500 15% 15% $200 10 $26,000 18% $26,000 0.75% $18,000 0.75%$3,000 18% 18% $2501 11 $28,000 20% $28,000 1.00%|S10,000 1.00% $3,500 20% 20% $50 12 $30,000 25% $30,000 2.00% $12,000 2.00% $4,000 25% 25% $100 13 $20,000 4% $20,000 3.00% $14,000 3.00%$4,500 4% 4% S150 14 $25,000 5% $22,000 4.00% S16,000 4.00% $5,000 5% 5% $200 15 $27,000 6% $24,000 0.25% $18,000 0.25% $2,000 6% 6% $250 16 $30,000 7% $26.000 0.50% $10,000 0.50% 82.500 7% 79% $50 17 $28,000 8% $28,000 0.75% $12,000 0.75% $3,000 8% 8% $100 18 $22,0001 9% $30,000 1.00% $14,000 1.00% $3,500 9% 9% $150 19 $25,000 10% $20,000 2.00%|S16,000 2.00% $4,000 10% 10% $200 20 $24,000 12% $22,000 3.00%|$18,000 3.00% $4,500 12% 12% $250 21 $34,000 15% $24,000 4.00% $10,000 4.00% $5,000 15% 15% $50 Group Question 1 Question 2 Question 3 Question 4 Question 5 X1 x2 (%)x1 JX2 (%)X1 x2 (%)x1 x2 (%)X1 (%) x2 22 329,000 18% $26,000 0.25% $12,000 0.25% $2,000 18% 18% $100 23 $26,000 20% $28,000 0.50% S14,000 0.50% $2,500 20% 20% $150 24 $20,000 25% $20,000 0.75% $10,000 0.75%$3,500 25% 25% $50 25 $22,000 4% $22,000 2.00% S12,000 1.00% $4,000 4% 4% $100 26 $24,000 5% $25,000 2.00%|S14,000 2.00% $4,5005% 5% $150 27 $26,000 6% $25,000 3.00%|$16,000 3.00% $5,000 6% 6% $200 28 $28,000 7% $30,000 4.00% $18,000 4.00% $2,000 7% 7% $250 29 $30,000 8% $22,000 0.75% $15,000 0.25% $2,500 8% 8% $50 30 $20,000 9% $24,000 1.00% $15,000 0.50% $5,000 9% 9% $100 31 $22,000 10% $26.000 2.00% $15,000 0.75% 84,500 10% 10% $150 32 $27,000 12% $26,000 3.00% $15,000 1.00% $5,000 12% 12% $200 33 $26,000 15% $25,000 4.00% $15,000 2.00% $3,000 15% 15% $250 34 $28,000 18% $25,000 0.75% $15,000 3.00% $2,500 18% 18% $50 35 $30,000 20% S25.000 1.00% $15,000 4.00% $2.000 20% 20% $100 36 $25,000 25% $27,000 2.00% $18,000 1.00% $2.000 25% 25% $150 37 $29,000 9% $22,000 1.00% 12,000 3.00% $2.000 5% 5% $300 38 $26,000 10% $24,000 2.00% $14,000 4.00% $2,500 6% 6% $350 39 $20,000 12% $26,000 5.00% $16,000 5.00% $3,000 7% 7% $300 40 $22,000 15% $28,000 4.00% $18,000 5.00%$3,500 12% 8% 8350 Question 2: Maria is a graduate student; she borrows some money to buy a new car at the beginning of her graduation year. The car dealership allows her to defer payments for 12 months. Then Maria makes 48 end-of month payments thereafter. If the original note (loan) is for $xl and interest in x2% per month on the unpaid balance, how much will Maria's payment be