your prospective client plans to purchase an automobile with a total "drive out" cost of $32000. the down payment will be $5000. the balance of the purchase price will be financed at an annual interest rate of 3.5% for a period of 5 years. what will be the annual payments to the lender?

A.) 7087

b.) 6263

c.) 5980

d.)10162

brad smith is considering the purchase of a REIT. the REIT prospecus projects positive cash flows for years 1, 2, and 3 of $6000, $7000,$8000 respectively. at the end of the 3 years, brad anticipates he will sell the REIT for $115000. he wants to make a return of at least 6%. how much should he pay for the REIT?

a.) 112983

b.) 113383

c.) 114173

d.) 115164