Thanks for the help

4. You are paying for college with loans with annual interest at a rate of 7% per year. You borrow $20,000 at the beginning of year 1 (that is, at the start of your freshman year), $22,000 at the beginning of year 2,$25,000 at the beginning of year 3 and $29,000 at the beginning of year 4. You make no payments during your college days. How much will you owe at the end of year 4 when you graduate? a. $112,819.37 b. $115,075.75 c. $118,460.33 d. $120,716.72 e. $125,836.42 Use this information for the next two problems. You have just purchased a $50,000 car using a 5 -year loan at an annual interest rate of 3% and monthly loan payments, with the first payment at the end of the first month. 2. How much in total will you pay over the life of the loan? a. $50,000.00 b. $51,953.04 c. $52,827.95 d. $53,906.07 e. $54;588.64 3. Suppose you pay this loan off at the end of 3 years, so there are 2 years left on the loan. What will be your loan balance (loan payoff)? a. $17,349.46 b. $17,767.52 c. $19,230.72 d. $20,000.00 e. $20,902.96