1) i: You are offered an investment that will pay you $5837 every year for 29 years. If you require a 8.6% return on investments with the same levels of risk, how much are you willing to invest today?Answer and round to the nearest cent.

ii) You save $164 every month in an account that earns 5.3% annually and compounds monthly. How much will you have in your account after 19 years?Answer and round to the nearest cent.

iii) A loan's quirky terms require the first payment to be made at the moment the money is lent.Payments are $79 every month, themonthlyinterest rate is 0.75%, and the loan is paid off in equal payments over 9 years.How much money was borrowed?Answer and round to the nearest cent.