2 - Phil can afford $150 a month for 5 years for a car loan. If the interest rate is 5.2 percent compounded monthly, how much can he afford to borrow to purchase a car?

3 - You invested $1,380 in an account that pays 3 percent simple interest. How much more could you have earned over a 4-year period if the interest had compounded annually?

4 - You are borrowing $5,590 to buy a car. The terms of the loan call for monthly payments for 4 years at a 5.00 percent interest compounded monthly. What is the amount of each payment?

5 - Atlas Insurance wants to sell you an annuity which will pay you $550 per quarter for 30 years. You want to earn a minimum rate of return of 6.0 percent compounded quarterly. What is the most you are willing to pay as a lump sum today to buy this annuity?

6 - You are considering an annuity which costs $129,046 today. The annuity pays $7,800 a year at an annual interest rate of 4.5 percent. What is the length of the annuity time period?

7 - You just paid$358,000 for an annuity that will pay you and your heirs$11,400 a year forever. What rate of return are you earning on this policy?

CAN I PLEASE HAVE THIS ANSWERS ASAP? MY TEST NEEDS COMPLETED AND SUBMITTED BEFORE 6 PM