Expecting some finest expert to solve the problems below. 1.

a)

b)

You have just taken out a $30,000 car loan with a 6% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment, $ will go toward the principal of the loan and will go toward the interest (Round to the nearest cent) If the rate of inflation is 5%, what nominal interest rate is necessary for you to earn a 3.2% real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places) The nominal interest rate is % (Round to two decimal places) see sees You are thinking about investing $4,754 in your friend's landscaping business. Even though you know the investment is risky and you can't be sure you expect your investment to be worth 55,615 next year. You notice that the rate for one year Treasury bills is 1% However, you feel that other investments of equal risk to your trends landscape business offer an expected return of 9% for the year. What should you do? The present value of the retumis (Round to the nearest cent) You should (Seled from the drop-down menu.) invest in the business not invest in the business