You're thinking of buying a car to travel around in, rather than using the train. You can buy an old second hand car for $3,000 now (t=0), and sell it after 8 years for $2,500 (t=8). You estimate that the car will cost $5,500 per year in fuel, insurance, registration and maintenance, paid in arrears, so there will be 8 payments from t=1 to t=8 inclusive. Find the equivalent annual cost (EAC) of the car if the required return is 13% pa. Select one: a. $29,393.2371 b. $28,452.8374 Oc. $9.273.2089 d. $5.929 1933 e. $3,556.6047 Calculate the annual inflation rate between 30th June 1985 when the consumer price index (CPI) was 38.8 and 30th June 2002 when the CPI was 76.6. Note that you should find the annual CP inflation rate between these dates. Select one: O a. 115.4% pa ob. 37.8% pa O c. 4.6389% pa O d. 4.3428% pa O e. 4.0822% pa