PLEASE SHOW WORK

EVEN HOW TO DO IT ON THE Calculator

im trying to learn

3. You have borrowed $16,000 to buy a car. Your banker has offered a 7.5% car loan for 4 years. What will be your monthly payment if you make equal payments at the beginning of each month for the next 4 years? a) $4,037 b) $389 c) $285 d) $499 e) $384 4. A business deal will pay your firm $50,000 immediately, $75,000 after the third year and $90,000 after the fourth year. What is the present value of these payments? Use a 12% discount rate. a) $143,375 b) $155,224 c) $110,580 d) $160,580 e) $179,850