5. Problem 5.05 (Time to Reach a Financial Goal) years will it take to reach your goal? Round your answer to the nearest whole number. years 17. Problem 5.17 (Effective Interest Rate) You borrow $280,000; the annual loan payments are $27,254.18 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. % 16. Problem 5.16 (Present Value of a Perpetuity) What is the present value of a $600 perpetuity if the interest rate is 9% ? If interest rates doubled to 18%, what would its present value be? Round your answers to the nearest cent. Present value at 9%:$ Present value at 18% : \$