6) A perpetuity pays a coupon of $10 at the end of each year, every year forever, with the first payment received in one year. What is its current price if the relevant interest rate, expected to remain unchanged, is 5% per year? 7) You borrow $30,000 to purchase a car, and will pay off the loan in 60 monthly payments with the first due in exactly one month. What are your monthly payments if the relevant interest rate is 6% per year =.5%=.005 per month