6. You want to have $79,000 in your savings account 13 years from now, and youre prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.30 percent interest, what amount must you deposit each year?(Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Annual deposit$

8.The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $28,000 per year forever. If the required return on this investment is 5.8 percent, how much will you pay for the policy?(Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Present value$

11.Find the EAR in each of the following cases(Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):

Stated Rate (APR)Number of Times CompoundedEffective Rate (EAR)

8.1% Quarterly

17.1 Monthly

13.1 Daily

10.1 Infinite