Sarah buys a car for $15,000 on January 1 using a three-year loan at 6% annual interest, compounded monthly. The loan must be paid off in equal monthly installments, paid at the end of each month. Determine her monthly payment. (Hint: Use the PMT function.)

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.

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