$1.$ You purchase a tractor at the net cost of $$325,000$ and you finance it for $5$ years at $6\%$ interest. You make $1$ payment on it per year using equal principle payments and the amoritization $($payoff$)$ scheudle. Is the total cost of this loan more or less than if you had used the equal total payments formula? $2.$ You have won a structured settlement lawsuit. Assume that the settlement pays $$50,000$ per year for the enxt $20$ years. Given a $6\%$ discount rate, how much would you have to be compensated to take a cash payment instead? $($ignore the impact of taxes$)$