PLEASE ANSWER BOTH QUESTIONS:

Problem 19 Intro You took out a loan to buy a new car. The monthly interest rate on the loan is 2.5%. You have to pay $250 every month for 60 months. - Attempt 1/10 for 10 pts. Part 1 What is the present value of the cash flows if it's an annuity due? 0+ decimals Submit IB | Attempt 1/10 for 10 pts. Part 2 What is the future value of the cash flows if it's an annuity due? 0+ decimals Submit Problem 20 Intro You just turned 24 years old and want to retire when you turn 65. You expect to live for 25 years after retirement and want to withdraw $60,000 per year in retirement, starting on your 65th birthday. You expect to earn a return of 4% on your investments every year. 18 - Attempt 1/10 for 10 pts. Part 1 What is the total present value (as of your 65th birthday) of the withdrawals you expect to make in retirement? 0+ decimals Submit Part 2 IB Attempt 2/10 for 10 pts. You want to save a constant amount every year. How much money should you save each year if you make the first deposit now and the last one one year before you turn 65? 0+ decimals Submit