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This question was created from Pls give answer to question 3 & 4 ONLY, as seen in the below picture.docx


part of the question. Thanks 3. You are interested in
purchasing a new automobile valued at $40,000 to go project
off the ground. The dealer would finance at 8% with monthly
repaym years but you must take a 10% stake in the financing
(your down-payment, it ed at $40,000 to get your CA Tinance
at 8% with monthly repayment for 5 mg (Your down—
payment, if you will). a. what would be your quarterly
repayment amount rounding to the nearest donk b.. What is
the outstanding principal balance at the end of the second
repayment? are seeking to purchase a building site in the 5
years' time based on your CA project. 5 today valued at
$100,000 and is expected to grow in price at 2.75% per year
ded. You wish to set aside annual monthly payments to buy
the building for cash at the 5th year. What would be the
monthly amount to set aside (invested) assuming a rate of
12% so you can purchase the business for cash when the 5th
year has been completed? compounded. You wish to se end of
the 5th year. What would 1 return of 12% so you Round to the nearest :5. (a) Future value of the asset

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