continue the question 3.5 below

$15,239 (c) (d) $16,017 3s.7 You borrowed $120,000, agreeing to pay the balance in 12 equal annual install- ments at 9% annual interest. Determine the remaining loan balance right after the fifth payment. (a) $84,373 (b) $68,894 (c) $59,503 (d) $49,360 3s& Consider the following two cash flow transactions. If they are economically (d) P- $1,128 s.11. Your company borrowed $180,000, agreeing to pay the balance in 18 equal monthly installments at 8% compounded monthly. Determine the remaining loan balance right after the 12th payment. . (a) $81,816 (b) $90,751 (c) $96,876 (d) $95,928 thu huin a vehicle. The following data have in or leasing a vehicle. The You are making $5,000 monthly deposits into a fund of 6% compounded monthly.whatwouldbethebalancetaraysinterest (a) $1,063,879 (b) $1,358,169 (c) $1,452,053 (d) $1,459,423 31.) pays interest at the end of 15yo 3s.2. Two banks offer the following interest rates on your deposit Bank : 9% interest compounded quarterly Bank B : 8.5% interest compounded continuously Which of the following statements is not true? (a) The annual percentage yield (APY) for Bank A is 9.30%. (b) The effective annual interest rate for Bank B is 8.87%. (c) Bank A offers a better deal. (d) The annual percentage rate (APR) for Bank B is 8.5%. 3s.3. You are making semiannual deposits into a fund that pays interest at a rate d 9% compounded continuously. What is the effective semiannual nterest rate? (a) 4.000% (b) 4.708% (c) 4.164% (d) 4.175% 3s.4, Calculate the future worth of 20 annual $4.000 deposits in a savings acou (d) $199,279 3s.5. You borrow $15,000 from a bank to be repaid in monthly installments for thr years at 15% interest compounded monthly. What is the portion of interest ment for the 15th payment? (a) $150 (b) $188 Pay (c) $180 (d) $124 horrowed $25,000 from a bank at an interest rate of 1