Baths Bank offers you a $61,000, eight-year term loan at 9.1 percent annual interest. Required: What will your annual loan payment be? O $9,690.50 $7,625.00 O $8,318.88 O $5,511.13 O $11,062.13 Your parents are giving you $110 a month for 3 years while you are in college. At a 7 percent discount rate, what are these payments worth to you when you first start college? $3,669.39 $3.486.43 $3,562.51 $3,960.00 $3.256.15