1,Today, you borrowed $100,000 at 4% annual interest. You will repay the loan with 12 annual payments of equal amounts. What is your annual payment amount?

3. A company that currently does not pay dividends on its stock is expected to begin paying a constant $3 dividend 6 years from now. The company is expected to maintain this constant dividend for 10 years and then cease paying dividends forever. The required return on this stock is 8%. What will be the share price 5 years from now?