A loan of $78,400 is being repaid by payments of $8,500 at the end of each year plus a final smaller payment one year after the last payment of $8,500. If the annual effective rate of interest on the loan is 7.5%, find the size of the final payment. Answer to the nearest cent. Given an interest rate of 7.25% compounded monthly, find the present value of a 8 year annuity which pays 395 at the end of each 6 months. Answer to the nearest cent. A loan of $7,163.84 is to be repaid by payments of 50 every week for 3 years. Calculate the annual nominal rate of interest compounded weekly on the loan. (4 decimal accuracy)