you have A) You are on your way to the local automobile outlet to buy a car. The price of the car is $20,000. You have carefully evaluated your finances, and determined that you can afford payment that total $5,500 per year if you take bank loan. The bank loan would be outstanding for a period of four years and the payments would be made annually. Local bank is charging 12% on automobile loan. Prepare a loan amortization table for 4 years. Do you think, you can afford paying the annual payment? [Show calculation of PMT, Interest, principle payment, ending balance (only for the 1st year)] (5 Marks) B) Sharmin is currently living in Montreal, Canada. She has been living there for a decade now, working in an investment bank. During her vacation in Vancouver, she saw her dream house there and could not forget it. Currently this house is listed with a sales price of $6, 68,000 CAD. She is now 30 years old and planning to go for an early retirement at 35. According to her estimation prices of house is increasing an average rate of 5% every year and this growth is expected to go on for next 15 years. Currently she has $60000 in a saving account which pays 9% annually after tax. She has decided to invest $1,10,000 annually each of the next 7 years to cash purchase of such a house; her 1st deposit starts at the end of the current year. Do you think her decision to invest $1,10,000 is a right decision to buy the house when she retires