Question: Question 9 : Mina is borrowing $ 3 4 8 0 4 from you today. She agrees to pay you back in annual installments beginning

Question 9: Mina is borrowing $34804 from you today. She agrees to pay you back in annual
installments beginning a year from now over eight years, with interest at 4%. What would her
annual payment amount be, including both interest and principal?
Assume PV to be negative so that PMII positive.
Status: Enter function
Question 10: You agree to finance your new SUV with an auto loan of $51878. This loan will be repaid
over four years with monthly payments (and compounding) at a 4% annual interest rate. What will
your monthly loan payment be?
Assume PV to be negative so that PMTis positive:
Status: Enter function
Question 9: Mina is borrowing $34804 from you today. She agrees

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