Enter Answers Correct Answers Below Below 2 points Each (10 Points Total) Q1) Suppose you signed a contract for a special assignment over the next 11 years. You will be paid $2,819 at the end of each year. If your required rate of return is 18.00%, what is this contract worth in today? FIRST NAME LAST NAME Q2) You need a loan to purchase new equipment. The loan will be paid off over 13 years with payments made at the end of every quarter. If the stated annual rate is 08.00% and quarterly payments are $446, what is the loan amount? Q3) You would like to purchase a car for $2,040. If the car loan is 07.00% financed over 7 years, what will the monthly payments be for this car? INSTRUCTIONS Q4) What is the most that you would pay for an investment that promises to pay $21,763 a year forever with the first payment starting one year from now? Assume that your required rate of return for this invest ent is 15.00%. When inputting an answer, round your answer to the nearest 2 decimal places.If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places. Q5) A loan has a stated annual rate of 10.00%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest