You need to borrow $32,000$ to buy a truck. The current loan rate is $6\%$ p$.$a$.,$ but with monthly

compounding. You want to pay the loan off in equal monthly payments over $5$ years. Your

monthly payments must be

a$.609\mathrm{.}38$

b$.618\mathrm{.}65$

c$.624\mathrm{.}76$

d$.643\mathrm{.}21$

e$.657\mathrm{.}32$

You purchased your dream home six years ago for $250,000$ and were able to secure $100\%$

mortgage financing. Your loan is paid monthly and was originally for $30$ years. The stated

annual interest rate was $6\mathrm{.}0\%.$ Due to some financial difficulties, it's necessary to sell the

house today which is worth $180,000.$ The difference between your current mortgage balance

and today's sales price is

a$.38,495$

b$.48,495$

c$.58,495$

d$.68,495$

e$.78,495$

An investment promises to pay $3,000$ per year for the first three years $($first payment to be

received exactly one year from today$),5,000$ per year for the next four years after that, and

$8,000$ per year for the next five years after that. If you require a $15\%$ return. Then you are

willing to pay

for these cash flows.

a$.23,317\mathrm{.}17$

b$.24,969\mathrm{.}38$

c$.26,317\mathrm{.}24$

d$.28,493\mathrm{.}36$

e$.29,904\mathrm{.}47$

Please show all the steps and formulas. Thank you so much for the help.