Question: Please solve the second, third and fourth question correctly, showing the laws used and the method of solution 2. The present value interest factor of

Please solve the second, third and fourth question correctly, showing the

Please solve the second, third and fourth question correctly, showing the laws used and the method of solution

2. The present value interest factor of an annuity due for 3 years at 8% equals: 3. What is the present value of $2,500 semiannual payments received at the beginning of each period for the next 10 years? The APR is 6%. 4. Your mortgage payment is $600 per month. There are exactly 180 payments remaining on the mortgage. The interest rate s 8.0%, compounded monthly. The next payment is due immediately. What is the balance of the loan? [Hint: This is an annuity due.]

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