45. Suppose you borrowed $12,000 at a rate of 9% and must repay it in 4 equal installments at the end of each of the next 4 years. How much interest would you have to pay in the first year? 2.5925.97 .8974.70 C. $1.026.00 $1.00.00 $1,134,00 46. You plan to borrow $30,000 at a 7% annual interest rate. The terms require you to amortize the loan with 6 equal end-of- year payments. How much interest would you be paying in Year 2? S1.548.79 $1.630 30 $1.716.11 $1.806.43 S1.896.75 47. You plan to borrow $75,000 at a 7% annual interest rate. The terms require you to amortize the loan with 10 equal end-of- year payments. How much interest would you be paying in Year 2? $4,398.19 $4,626 52 $4.870.02 SS,113.521 S5,369.19 48. You are considering investing in a Third World bank account that pays a nominal annual rate of 18%, compounded monthly. If you invest $5,000 at the beginning of each month, how many months will it take for your account to grow to $250,000? Round fractional years up. 49. You just deposited $2,500 in a bank account that pays a 12% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (12 months) from now and another $7,500 to the account two years from now, how much will be in the account three years (12 quarters) from now? $17.422.39 S18.339.57 $19,256,55 $20,219.37 $21.230.34 Irion