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Answer 3 as per cheeg rule you can answer 4 Question 05 Amortization with Equal Payments : Prepare an amortization schedule for a five-year loan

image text in transcribedAnswer 3 as per cheeg rule you can answer 4

Question 05 Amortization with Equal Payments : Prepare an amortization schedule for a five-year loan of $45,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much interest is paid in the third year? How much total interest is paid over the life of the loan? Question 06 The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. If the required return on this investment is 8.5 percent, how much will you pay for the policy? Question 07 Find the EAR in each of the following cases: Stated Rate (APR) 12% 12% 12% 18% Compounding Daily Weekly Hourly Monthly Effective Rate (EAR)

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