Please provide a cash flow diagram for each problem below. You do not need to solve anything other than providing the graph. Thanks, I will rate.
1. A car may be purchased with a $3,000 down payment now and 60 monthly payments of $480. If the interest rate is 12% compounded monthly, what is the price of the car?
2. Rose recently graduated in engineering. Her employer will give her a raise of $3500 per year is she passes the FE exam. Over a career of 40 years, what is the present worth of the raise if the present interest is 7%?