8.) What is the present value (PV) of an investment that will pay $ 700 in one year's time, and $ 700 every year after that, when the interest rate is 5%? A.$ 7, 000 B.$ 11, 200 C.$ 8, 400 D.$14,000

9.) Dan buys a property for $ 300 comma 000. He is offered a 25-year loan by the bank, at an interest rate of 7% per year. What is the annual loan payment Dan must make? A.$ 25,743.16 B.$ 41,189.06 C.$ 30, 891.79 D.$36,040.42