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Your child's orthodontist offers you two alternative payment plans. The first plan requires a $4,500 immediate up- front payment. The second plan requires you to make monthly payments of $137.41, payable at the end of each month for 3 years. What nominal annual interest rate is built into the monthly payment plan? TT T Arial 3(12pt) T-5 - E S @'s Path:p Words:0 Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $92,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment? T T T Arial 3 (12pt) T- 5 - - - @i's Path:p Words:0 Determine the market price of a 15-year, 4.75%, $75,000 coupon bond when the market interest rate is 5.15%. TTT Arial 3 (12pt) T-5 - E MSO's Path:p Words:0 Determine the annual holding period rate of return on a 10-year, $30,000 discount bond that you originally purchased for $13,200 and sold 7 years later for $22,500 TT T Arial 3 (12pt) T-5 - E MS @ 3's Path:p Words:0