4. You want to buy a car which will be worth 350,000 after 6 years. How much should you save every year in order to buy a car? Interest is 18%. 5. Your friend borrowed from you 50,000 today to be paid...

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Extracted text: 4. You want to buy a car which will be worth 350,000 after 6 years. How much should you save every year in order to buy a car? Interest is 18%. 5. Your friend borrowed from you 50,000 today to be paid for 4 equal installments for the next 4 years. If your lending rate is 12%, how much should he pay you every year? Complete the amortization table. Amortization Table Amount Payment Debt left Year 0 50,000.00 50,000.00 Year 1 56,000.00 Year 2 Year 3 Year 4 0.01