7. Johnson has an annuity due that pays $558 per year for 15 years. What is the value of the cash flows 15 years from today if they are placed in an account that earns 7.50%? Note: You are asked to find the FV one year after the last cash flow is realized. a. $9,000.00 b. $9,675.00 c. $16,846.35 d. $15,667.10 8. You would like to borrow $25,000 from a local bank. You will make equal monthly payments over a fifteen-year period. What will your monthly payment be if yearly interest rate is 6%? a. $210.96 c. $303.32 b. d. $238.91 $2,000.20 9. A company is financing a new machine with a loan of $150,000 to be repaid in ten annual end-of-year installments of $20,380.19. What annual interest rate is the company paying? a. 3% 6% c. 9% 12% b. d. 10. An investment offers payments of $5,000 at the end of Year 1, $5,000 at the end Year 3; and $2,000 at the end of Year 4. What is the present value of this investment using a 7 percent interest rate? a. $10,280.17 b. $9,864.92 c. $12,130.90 d. $14,000.00