5. You just found your dream car. The car will cost you $36,800. The dealer will lend you the entire amount at 3.9 percent interest, compounded monthly, for 48 months. What is the amount of the monthly payment? 6. Allis Bank is offering you a credit card with an APR of 14.7 percent. The bank compounds interest monthly. What is the effective annual rate? 7. A 7 percent, S1,000 bond matures in 8 years, pays interest semi-annually, and has a yield-to-maturity of 6.62 percent. What is the current market price? & Healthy Foods just paid its annual dividend of $1.45 a share. The firm recently announced that all future dividends will be increased by 2.8 percent annually. What is one share of this stock worth to you if you require a 14 percent rate of retur? XYZ, Inc. has some bonds outstanding These bonds pay interest semiannually, mature in years, and have a 8 percent coupon. The current price of the bond is Si050. What is the yield to maturity? 10. Even though you have no idea who you will marry, you are planning to have an elaborate wedding 4 years from now. The estimated cost of the wedding is $52,000 and you expect to cam 3.5 percent on your savings. How much do you need to save each month for this purpose assuming that you have no money saved as of today