20 QUESTION 10 What is the present value of the following cash flows given a discount rate of 7%? Year 2 4 5 Cash Flow $339 5474 $100 (Do not include the dollar sign (5) Enter rounded answer as directed but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places leg. 32.161) QUESTION 19 You want to buy a new sports coupe for $62 521 and the finance office at the dealership has quoted you an 8.4% APR loan for 5 years with monthly payments What will your monthly payments be? (Do not include the dollar sign ($) Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations Round your answer to 2 decimal places (eg. 32161) QUESTION 20 You want to buy a new pickup for $37.486, and the finance office at the dealership has quoted you an 8.4% APR loan for 3 years of monthly payments What is the effective annual rate on this loan? (Do not include the percent sign Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places leg. 32.161) QUESTION 18 Axis Credit wants to earn an effective annual return on its consumer loans of 20.7% per year. The financing company uses daily compounding on its loans What interest rate is Axis required by law to report to potential borrowers? (Do not include the percent sign ). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places leg.32.161)