Question: PLEASE HELP ME WITH ALL 5 QUESTIONS BELOW. NO SHOW WORK IS NEEDED. Prescott Bank offers you a $40,000,8-year term loan at 9 percent annual

PLEASE HELP ME WITH ALL 5 QUESTIONS BELOW. NO SHOW WORK IS NEEDED.

NEEDED. Prescott Bank offers you a $40,000,8-year term loan at 9 percent

annual interest. What vill your annual loan payment be? You are planning

to make monthly deposits of $160 into a retirement account that pays

9 percent interest compounded monthly. If your first deposit will be made

one month from now, how large will your retirement account be in

Prescott Bank offers you a $40,000,8-year term loan at 9 percent annual interest. What vill your annual loan payment be? You are planning to make monthly deposits of $160 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 17 years? Suppose an investment offers to triple your money in 24 months (don't believe it). What rate of return per quarter are you being offered? c. What is the effective annual rate? Big Dom's Pawn Shop charges an interest rate of 19 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. a. What rate should the shop report? b. What is the effective annual rate? Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,150 monthly. The contract currently sells for $66,000. a. What is the monthly return on this investment vehicle? b. What is the APR

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