11.If the annual required rate of return associated with the cash flows below is 10 percent, then what is the value of these cash flows evaluated as of Year 6?

YearCash Flow

5$100

6$200

7$300

8$400

12.Assume that you are calculating the future value of an annuity that pays $150 in each of Years 1-5.Also assume that the annual required rate of return associated with this annuity is 12 percent.What is the dollar difference between calculating the future value of this annuity as an annuity due versus an ordinary annuity?

13.Assume that you can take out a $30,000 loan to buy a car.This loan will require you to make 60 monthly payments (5-year loan) of $622.75 (you should now be able to calculate the monthly interest rate for this loan).What is the