Fairfax Paint just borrowed 61,900 dollars. The terms of the loan require the company to make equal semi-annual payments forever. The first semi-annual payment is due in 6 months. If the regular semi-annual loan payment is 4,650 dollars, then what is the EAR of the loan? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Caruso is planning to save 3,846.35 dollars each quarter for 6 years. He plans to make his first contribution to his account in 3 months from today. If he has 5,992 dollars in his account today and expects to have 123,715.29 dollars in his account in 6 years from today, then what is the EAR that he expects to earn on his account? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Tanner owns an investment that is expected to pay him 6,710 dollars per quarter forever with the next payment of 6,710 dollars expected in 3 months from today. The investment has an annual return of 11.44 percent. What is the value of the investment?

A movie is expected to produce cash flows of 23,100 dollars per month with the first monthly cash flow expected later today and the last monthly cash flow expected in 6 months from today. The cost of capital for the movie is 20.28 percent per year. What is the value of the movie?