1. You want to buy an escort worth $41,000. She wants an 8,200 down payment for her services. You think it will take you an 8-year period to pay her. Your company allows you to expense the escort by $4,000. With rate of interest being 6.6% annually, what will be your monthly payment?
2. After month 63, how much will you owe? Not using the amortization method.