Q$4.$ A lien is a

a$.$ Claim for damages for lack of specific performance

b$.$ Claim on property for payment of a debt

c$.$ Claim on property for lack of specific performance

d$.$ None of the Above

Q$5.$ A company borrows $$200,000$ today at $12\%$ nominal annual interest. The monthly payment of a $5-$year loan is most nearly

a$.$ $$2220$

b$.$ $$1110$

c$.$ $$4440$

d$.$ None of the Above

Q$6.$ A tractor cost $$7500.$ After $10$ years, it has a salvage value of $$5000.$ Maintenance costs are $$600$ per year. If the interest rate is $10\%,$ the equivalent uniform annual cost is most nearly

a$.$ $$750$

b$.$ $$1500$

c$.$ $$1400$

d$.$ None of the Above