Question: Question 14 15 points) Round final dollar answers to 2 decimal places. Karyn makes loan payments of $1,250 at the end of each month towards
Question 14 15 points) Round final dollar answers to 2 decimal places. Karyn makes loan payments of $1,250 at the end of each month towards the purchase of a recreational vehicle for a term of 5 years at 3.12% compounded semi- annually Referring to the ?'s in the table, and considering inflows and outflows of cash, enter the appropriate values in the blanks below. Mode N CY PU PUT PSY FY END 3.12 2 ? 2 12 2 a. Determine the purchase price of the vehicle it Karyn made a 56.750 down payment. N- PV- PMT- FV- Purchase Price b. In total, how much will Karyn have contributed towards the purchase of the vehicle by the end of the 5 years? Total Contribution- Karyn is considering paying off the loan early. What is the balance owing on the loan after she makes the 36th payment? Balance Owing- d. How much interest will she have paid out in totalit she pays the balance owing after the oth payment? Interest
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