1. Henry Taylor is settling a $ 21,990 loan due today by making 6 equal annual payments of $ 5,348.53. Click here to view factor tables What payments must Henry Taylor make to settle the loan at an interest rate of 12%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

2. Paul Tylers VISA balance is $ 1,321.92. He may pay it off in 12 equal end-of-month payments of $ 125 each. Click here to view factor tables What interest rate is Paul paying? (Round answer to 1 decimal place, e.g. 8.5%.)

Interest Rate

%

per month

3. Cindy Monroe wants to create a fund today that will enable her to withdraw $ 32,500 per year for 8 years, with the first withdrawal to take place 4 years from today. Click here to view factor tables If the fund earns 12% interest, how much must Cindy invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)