5.What is the present value of an annuity that pays $330 at the end of each year for 12 years if the annuity earns 2% annually?

6.what is the present value of an annuity that pays $126 at the beginning of each year for 28 years if the annuity earns 11% annually?

7.You borrow $10,000 to be repaid with end of year payments over the next 5 years. What is the annual payment if the annual interest rate on this loan is 22%?

8.You borrow $10,000 to be repaid with end of month payments over the next 5 years. What is the monthly payment if the annual interest rate on this loan is 14%?