please show all work with 4 decimal points on calculator and steps using a BA II plus finance calculator

7. You want to purchase a new car from BD Motors for $50,000. The contract is in the form of a 60-month annuity-due at 6% interest APR. If you put $20,000 down today, what will your monthly payment be? What is the Effective Annual Rate (EAR)? (4 Points) 8. Your company will generate $45,000 in cash flow at the end of each year for the next nine years from a new information database. The computer system needed to set up the database costs $260,000. If you can borrow the money to buy the computer system at 8.25% APR, can you afford the new system? (4 Points)