subject is financial account

1. Danny is planning to purchase a new car: 30% of the cash price would be from his savings while 70% of the cash price would be from financing. The car dealer offers a 3 year financing plan of 1.92% p.a. compounded monthly. Calculate the cash price if he pays $350 at the end of each month.

Step 1. Fill in blanks the values:4 marks Mpmt = ____________; t = ____________; n = ____________

j = ____________; = ____________; i = ____________;

PMT = ____________; PV = ____________; FV = ____________ Step 2. Formula and Calculation:6 marks

2. Susan is considering repaying her student loan of $35,000 starting from this year. She plans to make monthly payment of $300, and the interest rate is 5.6% p.a. compounded monthly. In how many years can Susan complete this loan? 10 marks Step 1. Fill in blanks the values:4 marks

Mpmt = ____________; t = ____________; n = ____________

j = ____________; = ____________; i = ____________;

PMT = ____________; PV = ____________; FV = ____________

Step 2. Formula and Calculation:6 marks

wht type of information pls u can do in your way. i have just one hour