Question: help Show all work. APR 1 - P( 1. Evaluate P=$2000, APR-6%, n=12, and y=8 (Y) APR n A - PMTX APR 2. Evaluate PMT
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Show all work. APR 1 - P( 1. Evaluate P=$2000, APR-6%, n=12, and y=8 (Y) APR n A - PMTX APR 2. Evaluate PMT = 250, APR = 3%, n=12, and y = 10 3. The value of your car is decreasing by 10% per year. If the car is worth $10,000 today, what will it be worth in 5 years? 4. You need a loan of $100,000 to buy your new home. The bank offers either a 30-year loan at an APR of 5% of a 15-year loan at 4.5%. Compare your monthly payments and total loan coast under the two options. HINT: Refer to 119 formula sheet
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