12:28 Assignment 2.pdf Assignment 2.pdf 1) How long will take a lumsum to double at Who 1 of 2 2) Find the present value of an annuity that pays $1.000 per month for a period of Assume the discounts of 3) Referring to win 2. esked to find the present described in Question, but the payments do not begin for 25 years 4) You borrow $65.000 and promise to pay back $9,000 at the end of 15 years. What effective annual rate of interest? 5) What is the monthly cost of a simple year home more for $400,000 o lon Assume that you will 6) What is the monthly cost of $30.000 b the end of 10 years ) A bank offers a CD earning e ctive anal