1.You have an investment that is expected to make annual payments that grow at a constant annual rate forever. The payment that occurs 4 years from now is expected to be $16.15. The payment that occurs in 7 years is expected to by $25.41. What is the expected payment that will occur 13 years from today? (Round to the nearest cent) 2. You have a loan that requires you to make equal quarterly payments of $67.71 for 7 quarters. Your next quarterly payment is due today and the quarterly interest rate is 10.6%. If you payoff your loan with one additional payment of $101.49 in 7 quarters, then what is the current balance of your loan? (Round to the nearest cent) 3. What is the present value of an investment that pays you $22.72 per month for 4 months if the first payment is today and the discount rate is 2.3% per month? (Round to the nearest cent) 4. There are three investments that are expected to make their first payment 1 year from now. Subsequent annual payments are expected to grow at constant rates forever. The investments are detailed in the below table. Investment Present Value Cost of Capital Payment Growth Rate First Payment Amount) if ca > c, rb > r, and gc > g, then what can we say about the values of the investments? (Enter >, <, or ?) PVa. PVb PYa. PVc PVb. PVc 5. You have an investment that includes annual cashflows that are expected to grow at an annual rate of 4.7% forever and the first cashflow of $9.95 is expected next year. What is the value of the investment if the cost of capital is 8.0%? (Round to the nearest cent)