@ Chrome File Edit View History Bookmarks Profiles Tab Window Help @ T Q & TueFeb4 10:01 AM B untitled document - Google | X @ Untitled document x | [ Content x 41989471 x R Course Hero X e o 5 learn-us-east-1-prod-fleetO1-beaker-xythos.content.blackboardcdn.com/5a3199fc4282a/41989471?X-Blackboard-S3-Bucket=learn-xythos... o3 o New Chrome available : 41989471 100% + (IR Q3. (25 Points) You are in the market to buy the 2021 Tesla Model X; The Long-Range Model's starting price is $49,990. You expect to trade in your old Toyota Camry for $5,000. Based on your Fico score you can get an interest rate of 4.5%. (a) Calculate your monthly payment if you want to pay off the Tesla in 5 years, and 6 years, with your trade-in Camry. (b) Calculate your monthly payment if you want to pay off the Tesla in 5 years, and 6 years given you also make an additional down payment of $5000 along with your trade-in Camry. Q4. (25 Points) You expect to borrow $25,000 each year to pay the graduate school tuition for 2 years. The student loan interest rate is around 7.5%. (a) How much will be your loan balance upon graduation? (b) How much will be your monthly payment if you pay it off in 5 years? (c) If you are also carrying $40,000 loan balance from your undergraduate degree at the time of graduate school graduation, along with graduate school loan balance, what will your student loan monthly payment be if you want to pay it off in 5 years. RLIoLT