An annuity pays $725 at the end of each quarter for 4 years. The payments are made directly to a savings account with a nominal interest rate of 9% compounded monthly, and they are left in the account. Find the balance in the savings account immediately after the last payment. Answer to the nearest cent. A loan of $89,900 is being repaid by payments of $11,000 at the end of each year plus a final smaller payment one year after the last payment of $11,000. If the annual effective rate of interest on the loan is 9%, find the size of the final payment. Answer to the nearest cent. Walder receives an annuity that pays $500 at the end of each month. He wishes to replace it with an annuity that has the same term and has only one payment each year, and that payment should be at the beginning of the year. How much should the payments be if the exchange is based on a nominal discount rate of 4.4% payable quarterly? Answer to the nearest cent