Thinking Task 19 1. Ivhy bought a house for $205 000 and made a down payment of $30 000. The annual interest rate for a five-year fixed rate mortgage is 5.5%. Determine the biweekly payment for a mortgage with a 25-year amortisation period. Round up to the nearest dollar. (Use the TVM Solver) [3] Show all the variable entries used in the TVM Solver. 3. Abdulbaasit would like to buy a new car that costs $ 30000. The dealership offers to finance the car at 2.4% compounded monthly for 5 years with monthly payments. Instead, Abdulbaasit could get a 5-year loan from his bank at 5.4% compounded monthly and the dealer will reduce the selling price by $3000 when Abdulbaasit pays immediately in cash. Which is the best way to buy a car? (Use the TVM Solver) Show all the variable entries used in the TVM Solver. [ 6]