Columbia Bank & Trust has just given you a exist20,000 term loan to pay for a new concrete mixer. The loan requires equal monthly payments over the next 5 years. If the loan provides the bank with a 12 percent return, what will be your monthly payments? What would he the annual payment if the loan required 5 annual payments? Determine how much you would be willing to pay for a bond that pays exist60 annual interest indefinitely and never matures (i.e. a perpetuity), assuming you require an 8 percent rate of return on this investment. New Jersey Mutual has offered you a single premium annuity that will pay you exist12,000 per year (end of year) for the next 15 years. If you must pay exist109, 296 today for this annuity, what is your expected rate of return? You are offered an investment which pays you exist2000 a year for 10 years starling two years from now. If you require a rate of return of 7.5%, what is the present value of this investment