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7. An investment will pay $5,000 at the end of each of the next 3 years. $12.000 at the end of Year 4. 530,000 at

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7. An investment will pay $5,000 at the end of each of the next 3 years. $12.000 at the end of Year 4. 530,000 at the end of Year 5, and $50,000 at the end of Year 6. 11 other investments of equal riak eam 7 annually, what is its future value? Steps (9 points): Answer (1 point): AMORTIZATION QUESTIONS 1. You want to buy a car, and a local bank will lend you $18,000. The loan will be fully amortized over 3 years and the nominal interest rate will be 8.5%. What will be the annual loan payment (fixed payment = annuity amount)? Draw the Amortization table and complete it (14 points): Answer (1 point): 2. What will be the remaining principal balance at the end of the second year? Answer (5 point): 3. What will be the total payment of interest rate over the three years? Answer (5 points): 4. What will be the total principle payment over the three years? Answer (5 points)

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