USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING THREE QUESTIONSVito Scalettajust bought his dream car, a 2020Bugatti Divo, thatcost $5,808,215. He paid $500,000downand financed the balance over 84 months at 4.25% p.a. (Assume that Vitomakes all required payments on time).

41.What is the monthly payment on Vito'sloan?

42.What will the balance on Vito'sloan be at theend of the fourthyear(that is, immediately after Vitomakes his48thpayment on the loan)?

43.What isthe total amount of interest that Vitowill pay over the entire term of the loan(that is, the total amount of interest that is paid on payments 1 through 84)?

44.Today is your 25thbirthday and you have a dream of retiring on your 65thbirthday. You want to put asidehowevermuchisnecessaryonyour 31stthrough 65thbirthdays(35annual payments)tohave enough to retire. You've estimated that you will live until you are 90 and you want the first withdrawal to occur on your 66thbirthday, with the last payment occurring on your 90thbirthday. You think that youwillneed$175,000peryeartospendduringretirement.Youestimateconstantinterestratesof 10.25%. Assuming that you currently have $10,000deposited in your retirement account, how much must you put aside each year in order to have sufficient money to retire at age 65?

45.Daigo Dojima recently invested $5,500in a project that is promising to return 2.25percent per year. The cash flows are expected to be as follows:

End of CashYearFlow1/$10002/95033/8754/???5/850

Note that the 4thyear cash flow is unknown. Assuming the present value of this cash flow stream is $7,500(that is, CF0 = -7500), what is the missing cash flow value (that is, what is the cash flow at the end of the 4thyear)?