7.

A bank makes a 6-year loan of $50,000 at an annual interest rate of 8%. What is the yearly payment?

		$25,715.75
		$19,171.35
		$10,815.77
		$21,557.00
		$12,857.87

8.

A bank makes a 10-year loan of $100,000 at an annual interest rate of 14%. What is the balance at the end of year 2?

		$74,928.30
		$88,933.30
		$35,823.20
		$83,828.01
		$37,464.15