A car loan in the amount of $32,000 will be repaid over a five-year term. The rate on the loan is 6%, and payments and compounding are monthly. Determine the balance on the loan at the end of month 3. $22,077 $21.947 $29,890 $30,617 none of these 4 points Savi QUESTION 32 If your goal is to build a $1,200,000 balance in a 9% account, what monthly contribution must you make over a 30-year term? (assume monthly compounding) $701.28 $518.38 $655.47 $666.66 none of these QUESTION 33 4 points Sam A $300 deferred annuity begins in year 5 and ends in year 20. What is the present value if the rate is 7967 $1,561 $1,892 $1.991 $2,162 none of these 4 points Save QUESTION 34 You have been awarded a structured settlement of $10,000 per month to be paid over the next 20 years. Using a rate of 12%, what is the present value of the annuity? $1,118,537 $1,000,305 $1,694,301 $908,194 none of these 4 poir QUESTION 29 Alump sum of $4,000 is made ten years later, it is worth $8,400. What rate of return is being earned? 4.8% 5.9% 7.2% 8.9% none of these 4 poir QUESTION 30 A manager has estimated the following cashflows from a 4-year project: year 1: $10,000; year 2: $15,200; year 3: $11,500; year 4: $8,0 00 What is the future value of the unequal cashflow series if you use a rate of 9%? $50,999 $51,544 $47,792 $74,598 none of these 5 poin QUESTION 31 A house loan is in the amount of $210,000. If the interest rate is 6% and the term is 15 years, what is the monthly payment (principal and interest only? $1,289 $1,526 $1,645 $2,010 none of these