A loan of $27,058.85 is to be repaid by payments of 300 every month for 8 years. Calculate the annual nominal rate of interest compounded monthly on the loan. (4 decimal accuracy) Given an interest rate of 9.5% compounded weekly, find the present value of a year annuity which pays 415 at the end of each month. Answer to the nearest cent. There is $20,000 in a fund at time 0. The fund is accumulating at 7% per annum with continuous compounding and money is withdrawn continuously. The annual rate of withdrawal at time t is X(1 +0.03). Find X to 2 decimal places such that the fund is completely exhausted after 7 years. Answer to the nearest cent