1) An annuity offers a payment of $5280 at the end of every three months for twenty years. Interest is compounded monthly at a nominal rate of 9.6%. Determine the amount that you would pay for this annuity today ?

2) A car costing $ 66272 is purchased with a 25% down payment and further payments of X at the end of every month for 10 years. The annual nominal interest rate is 11.8% convertible semi-annually. Calculate X.

3)