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(Annuity payments) To buy a new house, you must borrow $135,000. To do this, you take out a $135,000, 30-year, 8 percent mortgage. Your mortgage

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(Annuity payments) To buy a new house, you must borrow $135,000. To do this, you take out a $135,000, 30-year, 8 percent mortgage. Your mortgage payments, which are made at the end of each year (one payment each year), include both principal and 8 percent interest on the declining balanon. How large will your annual payments be? The amount of your annual payment will be $(Round to the nearest cent.) (Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $13,000 a year for the next 4 years (periods 11 through 14) plus an additional amount of $26,000 in the last year period 14)? Assume an interest rate of 6 percent The amount of money you have to depost today is $(Round to the nearest cent.) (Annuity number of periods) You've just bought a new flat-screen TV for $2,800 and the store you bought it from offers to let you finance the entire purchase at an annual rate of 12 percent compounded monthly. If you take the financing and make monthly payments of S100, how long will it take to pay for the loan? How much will you pay in interest over the life of the loan? The number of years it will take to pay of the loan is years. (Round to one decimal place.)

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