Answer both for a rating.

Question 5 (1 point) Same as Problem 4 except different withdrawal. I make an initial deposit of $4,000 followed by withdrawals of $30.00 per month. The nominal APR is 8.00% compounded semi-annually, what is my balance in 40 years? ($7,637) ($8,666) $193,064 $8,145 Question 6 (1 point) I borrow $85,000 at an interest rate of 8% APR compounded continuously with monthly payments of $1,000. Three years from now I re-finance the remaining balance at 6% APR compounded quarterly with the same monthly payments. How long would it take from the original loan date (months) to pay the loan down to a balance of $10,000? 72.2 months 0 108.2 months 52.4 months 88.4 months