4 Compute the PV of a perpetuity-immediate with a first payment of $1000 at the end of the first year and payments are increasing by $20 each year. The annual effective interest rate is 3% a) 35,556 b) 45,556 e) 75,556 c) 55,556 d) 65,556 S. A $7000 loan at 6% per year is being repaid by 25 equal annual payments. The first payment is due one year after the loan is made. i) Find the level annual payment R. a) 547.59 b) 552.91 c) 419.12 i) Determine the amount of interest paid in the 8th payment a) 329.15 b) 355.74 c) 313.17 d) 601.7 d) 498.15 d) 307.29 e) 603.1 e) 623.17 A family took a loan of $100,000 to buy a new home. The bank offers them a series of options to finance their purchase. Find the payment amounts under the following option: 360 month term, monthly payments starting in 2 months, 2) = 6.0% 601.9 b) 602.5 c) 602.1 e) 349.65 4 Compute the PV of a perpetuity-immediate with a first payment of $1000 at the end of the first year and payments are increasing by $20 each year. The annual effective interest rate is 3% a) 35,556 b) 45,556 e) 75,556 c) 55,556 d) 65,556 S. A $7000 loan at 6% per year is being repaid by 25 equal annual payments. The first payment is due one year after the loan is made. i) Find the level annual payment R. a) 547.59 b) 552.91 c) 419.12 i) Determine the amount of interest paid in the 8th payment a) 329.15 b) 355.74 c) 313.17 d) 601.7 d) 498.15 d) 307.29 e) 603.1 e) 623.17 A family took a loan of $100,000 to buy a new home. The bank offers them a series of options to finance their purchase. Find the payment amounts under the following option: 360 month term, monthly payments starting in 2 months, 2) = 6.0% 601.9 b) 602.5 c) 602.1 e) 349.65