Question: please answer both. Question o 10.00 points) You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments

please answer both. please answer both. Question o 10.00 points) You borrowed some money at

Question o 10.00 points) You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 134 (first payment made at t = 1), followed by five annual payments of $ 403, followed by four annual payments of $ 703. How much did you borrow? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your Answer: Answer Question 7 (6.66 points) Compute the present value of an annuity of $ 877 per year for 21 years, given a discount rate of 10 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your

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