A customer's payment plan charges 12 percent APR and reauires monthly payment of $84. How much is the monthly payment if the customer pays at the beginning of each month?

a. 83.17 b. $75.00 c, $84.84 d. 94.08

How much would sheldon be willing to pay for an investment which is expected to pay $5000 a year for 10 years, with the firat payment starting in 2 years, assuming hr requires a 6% return?

a. 34717.39 b. 32752.26 c. 44499.82 d. 50000