5. Determine the present value of each annuity. Use a timem wunun your buswu. a) Monthly deposits of $150 at 2.75% per year compounded monthly for one year b) Annual income of $60 000 for 19 years from a fund that earns 6.5% per year, compounded annually. $644 082-61 6. Marty would like to borrow $8000. His bank offered him a four-year personal loan with monthly payments. The interest rate on the loan is 4.25% per year, compounded monthly a) Determine Marty's monthly payment. b) Calculate the total amount that he will pay to the bank. c) How much interest will Marty pay over the life of the loan? Send a chat 23:34 7. Nona is in grade 12 and lives at home. She has a part-time job and earns $1500 p month. Nona deposits $800 at the end of each month into an account that pays 2.6% per year, compounded monthly. O vear2