help using calculator if possible

6. Valuing Perpetuities Easydoesit Life Insurance Company is selling a perpetuity contract that pays a $936 monthly The contract currently sells for $93,600. What is the monthly return on this investment vehicle? What is the APR? The effective annual return? a. Monthly return = _% Points: 3,33 b. APR = % Points: 3.33 c. EAR = % Points: 3.34 7. Calculating Interest Expense You receive a credit card application from Chameleon Banks Savings and Loan offering an introductory rate of 2.49 percent per year, compounded monthly for the first six months, increasing thereafter to 16 percent compounded monthly. Assuming you transfer the $10,000 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year? $ Points: 10 8. Calculating the Number of Periods You are saving to buy a $273,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 6 percent. How long will it take your initial $96.000 investment to reach the desired level at Bank One, which pays simple interest? How long at Bank Two, which compounds interest monthly? a. Bank One years Points: 5 b. Bank Two years Points: 5 9. Calculating the Number of Periods You have $905 today. You need $4011. If you earn 1.5 percent per month, how many months will you wait? months Points: 10 10. Calculating Annuity Present Values You want to borrow $25,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $500, but no more. Assuming monthly compounding. what is the highest APR you can afford on a 72 month loan? % Points: 10