Please Answer Question 2 part a and b thank you.

Table: Future Value of a single Sum Table 6.1 Equation: 80.000 * 1.10381 - 88304.8 - 80,000 -8304.8 Table factor: 1.10381 The total amount Sportico Inc. will have paid: 92,456 2. Joe Speeder determines he can manage to make a monthly car payment of $200 per month. The interest rate on used car loans for which Joe qualifies is 2 percent per month. a. How much can Joe afford to spend for a car if he can make the payments for three years? You must show the equation you used, identify the table you used and provide the factor you used. If any of these are missing, you get no credit for your answer Table: Equation: Table factor: Price of the car: I b. How much can he afford if he can only get a loan that requires $200 monthly payments for two years? Table: Equation: Table factor: Price of the car: 50 words Focus Table: Future Value of a single Sum Table 6.1 Equation: 80.000 * 1.10381 - 88304.8 - 80,000 -8304.8 Table factor: 1.10381 The total amount Sportico Inc. will have paid: 92,456 2. Joe Speeder determines he can manage to make a monthly car payment of $200 per month. The interest rate on used car loans for which Joe qualifies is 2 percent per month. a. How much can Joe afford to spend for a car if he can make the payments for three years? You must show the equation you used, identify the table you used and provide the factor you used. If any of these are missing, you get no credit for your answer Table: Equation: Table factor: Price of the car: I b. How much can he afford if he can only get a loan that requires $200 monthly payments for two years? Table: Equation: Table factor: Price of the car: 50 words Focus