please DO NOT use excel. calculate manually.

Question 2 1. John is negotiating to purchase a car, and he determines that he must borrow N$ 12 000 to complete the purchase. He is offered financing at a nominal interest rate of (12) with monthly payments beginning one month after the loan is made. He can repay the loan over 2 year period at N$ 592.15 per month or over 3-year period at N$426.64 per month (the same interest rate in both cases). Find (12) and the monthly amount payable if he were able to repay the loan over a 4-year period (still at the same interest rate). 16 2. Payments of N$ 25 each are made every two months from June 1, 2003 to April 1, 2009, inclusive. Find the value of the following series of payments. 3 (a) Two months before the first payment at nominal annual interest rate i = 0,06 31 (b) Ten months before the first payment at nominal annual rate i(3) = 0,06 [4 (e) Two months after the final payment at nominal annual rated(2) = 0.06. [3] (d) One year after the final payment at annual force of interest 8 0.06 [4 Question 2 1. John is negotiating to purchase a car, and he determines that he must borrow N$ 12 000 to complete the purchase. He is offered financing at a nominal interest rate of (12) with monthly payments beginning one month after the loan is made. He can repay the loan over 2 year period at N$ 592.15 per month or over 3-year period at N$426.64 per month (the same interest rate in both cases). Find (12) and the monthly amount payable if he were able to repay the loan over a 4-year period (still at the same interest rate). 16 2. Payments of N$ 25 each are made every two months from June 1, 2003 to April 1, 2009, inclusive. Find the value of the following series of payments. 3 (a) Two months before the first payment at nominal annual interest rate i = 0,06 31 (b) Ten months before the first payment at nominal annual rate i(3) = 0,06 [4 (e) Two months after the final payment at nominal annual rated(2) = 0.06. [3] (d) One year after the final payment at annual force of interest 8 0.06 [4