You are considering taking a 4-y auto loan with monthly payments. Based on your income, you believe you can afford to pay $400 per month and the current going rate for a 4y auto loan is 1.5 percent per month. How much can you borrow today? $17,021,28 $1898698 \$519.20000 513,617.02 $15,189,58 You are invited to join your friends to buy a 4-room rental property near campus. You need to make a four year commitment and the promised payments for this 4y investment are $2,000,$2,500,$4,000 and $4,000 respectively. Assume these four payments are all you are entitled to and you would not receive anything from selling the property after 4 years. Also assume that you would like to earn 12% return from such an investment. Please compute how much this investment is valued today so that you know how to negotiate with your friends. 59,168 510.268 512,500 $9.622