en 7 A loan of $8000 is repaid in 27 months with $333 end-of-month payments. What is the nominal annual rate, compounded semi-annually, on this loan? od out of Select one: Q.10.241064% n eb. 10.462065% C. 2.904977% d. 1.706844% Question 8 How many months will it take to pay off $2500 if payments of $345 are made at the end of every six months at 2.9% p.a. compounded twice a year? Not yet answered Marked out of 100 Select one: Q. 30.845638 months F Flag question b. 7.711410 years C. 48 months d. 46 months Question 9 Not yet answered Marked out of 1.00 You have purchased a now 70 in TV for $4500. Your loan requires that you make payments every 6 months over the course of 60 months at an interest rate of 3.35% compounded monthly. What is the amount of each payment? Select one: a. $491.49 Flog question b. $456.94 C. $492.79 d. $81.56 Question 10 Not yet answered Marked out of LOD Use the timeline below to help you! An employee is planning to retire in 10 years. To plan for this retirement, she deposits $1250 at the end of each month into a savings plan. The balance is then converted into a fund from which end-of-month withdrawals are made for the next 20 years. Money is worth 3.5% compounded monthly 30 years 10 years today 2 mo 119 mo 360 mo 121 mo IY = ? + + CY=? $1,250 $1,250 ............ $1,250 $1,250 PMT PMT FV, PV, FV, = 0 1 mo 120 mo Flag question 359 mo PMT ***** n = ? Nya? What is the value of PV2? Select one: a. $126,408.36 b. $2,180,868.44 c. $12,665.35 d. $179,290.64 Question 11 Not yet answered Marked out of 1.00 Flag question Use the timeline below to help you! Saving up for a college fund' is a difficult task for many parents. The key is to start early! When Harry turned 11 years old, his parents began putting $150 at the end of every month into an RESP (Registered Education Savings Plan). When he turned 18 (seven years later) they converted the fund so that he could make regular end-of-month withdrawals of $315 to help him with his college expenses. Interest on both accounts is 3.2% compounded annually. today 1 mo 2 mo 83 mo 84 mo 85 mo E + + IY = ? $150 $150 ********** $150 $150 CY = ? $315 $315 $315 FV, PV, FV, = 0 n.1 n=7 - n? n = ? What is the value of PV2? Select one: a. $61,387.30 b. $14,101.77 C. $14,078.58 d. $14,265.58 Question 12 Not yet answered Use the timeline below to help you! An employee is planning to retire in 30 years. To plan for this retirement he deposits s10 000 at the end of each year into a savings plan. The balance is then converted into a fund from which end-of-year withdrawals of $50 000 are made. If money is worth 3.99% compounded annually, for how long will he receive payments? Marked out of 200 today 1 yr 2 yr 29 yr 30 yr 31 yr n-1 n = ? F Flag question H IY=? CY = ? $10,000 $10,000 $10,000 $10,000 $ 50,000 ............. $ 50,000 $50,000 n = ? FV PV FV, = 0 n = ? Select one: a. 15 years b. 12 years c. 16 years d. 13 years