9. You have a perpetuity-due that pays $300 per month. If the interest rate is 7.2%(12), what is the PV of the perpetuity? a $50,300 b. $50,000 c. $48,300 d. $48,000 10. You take a SY loan at 12%(12) and make a $R payment at the beginning of each month with the smaller last payment of $X. Assuming that the following time line is correct, which of the following equations is correct? 0 1 2 3 77 78 79 --------- ---- $R SR SR SR $R SR SR $X 4 a. Y = R7811% + b. Y= R78|1% + R79|1% d. Y= R79|1% + (1.01)79 X (1.01)78 + (1.01)79 (1.01)00 C. Y= 11. You need $30,000 to purchase a new car. If you save $469 per month at the end of each month, how many months do you need to make $30,000 including the last smaller payment? The interest rate is 6%(12). a. 50 b. 53 c. 56 d. 60 12 - 13. You take a $28,350 add-on loan at 7% simple interest for 6 years. 12. Find the monthly payment. a $597.12 b. $487.28 c. $510.38 d. $559.13 13. If you pay of the loan with 20 payments left, what is the rebate you receive based on the rule of 782 a. $729.47 b. $810.38 c. $951.47 d. $1,133.46 14. A pension fund will pay you $3,000 per year forever. If the first payment will be madent the beginning of year 6 and interest rate is 5%(1), what is the PV of the pension fund (at 1-0)? a S51,830.26 b. $49,362.40 c. $47.011.57 d. $44,772.92