Question: Question 6 and 8 . Suppose that after 1 year Hildegard's loan was sold to Juan, who fequity 8%(12) on his money. Find the amount

Question 6 and 8

. Suppose that after 1 year Hildegard's loan was sold to Juan, who fequity 8%(12) on his money. Find the amount that Juan was willing to pay for her loan. 6. Eduardo is buying new power tools for his garage and finds an air compressor that costs $800. After a $200 down payment it can be financed over 1 year with monthly payments at a rate of only 1.4%(12). Find his monthly payments. 7. How long will it take parents who are depositing $25 per month into a trust fund earning 5.1%(12) to accumulate $10,000 needed for their first daughter's schooling? 8. The settlement on a life insurance policy of $150,000 is invested at 8.5%(12). How many $2500 monthly payments could the beneficiary expect to receive from this bequest? What will the smaller last payment be? 9. If Grendel can accumulate $12,090 over-2 years by investing $1300 per quarter, what rate of return is he getting? a 40% add-on loan and monthly payments over

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