6. What would your payment be on a 10-year, $150,000 loan at 10% interest compounded semiannually assuming the payments are made annually? A) $19,716.67 B) $20,743.77 C) $24,411.81 D) $24,674.60 E) $25,366.63

9. Given the following cash flows, what is the implicit discount rate if the present value is $2,020?

Year 1 2 3

Cash Flow $500 $750 $1000

A) 4.5%

B) 4.8%

C) 5.0%

D) 5.4%

E) 5.9%