I need help on #27 & shown how its done please & thank you!

2Part Discounted Cash Flow and the Value of Secunities Annuity Problems Future Value ofan Annuity: Concept Connection Exa 2s. How mach will $650 per year be worth in eight years at interest ratesas , 12%? 6%? college in 10 years. How much will they have to set aside eachearhe if the interest rate is 796 26. The Wintergreens are planning ahead for their son's education. He Harry C 27. What interest rate would you need to get to have an annuity of $7.50o 28. How many years will it take for $850 per year to amount to $20,000 Sinking Fund: Concept Connection Example 6-6 ( per yea $279,600 in 15 years throogh a bond wa 29. Blanchard lac. would like to borrow $12 million for 20 years th having difficulty finding lenders willing to advance that moch. The firm buyers are not worried about Blane Mortgg 259-36 advised the CFO that potential bond periodic interest payments on such a loan. However, they are concerned cash on hand to repay the loan when the principal is due in 20 years.Thet that a sinking fund might allay their fears; be also said funds deposited in sucki expected to earn about 6% annually. Honwe much would Blanchard have to deposit each year if the fund is started a, when the bonds are issued. b. 5 years after the bonds are issued. c. 10 years after the bonds are issued. d. 15 year after the bonds are issued. The $15 Effective Annual Rate (EAR) (page 247) 30. Ralph Renner just borrowed $30,000 to pay for a new sports car. He took out a his car payments are $761.80 per month. What is the effective annual rate 99. Present Value of an Annuity: Concept Connection Example 6-9(pa 31. What woald you pay for an annuity of $2,000 paid every six months for 12 years yu 32. Annuities are attractive investment vehicles for retirement savings, as many people pr purchasing an annuity for its discounted value from a bank or an insurance comur nuity investments discounted at 6% compounded monthly. How much monthly your money else here at 10% compounded semiannually? income stream in retirement to a lump sum in the bank. It's easy to trade one for the d Lisa Montgomery just retired at age 65 with retirement savings of $750,000 She live to about 85 and would like a guaranteed monthly income until then. Her banki have if she invests the entire sum in an annuity? An Amortized Loan-Finding the Loan Payment, PMT: Concept Connection Example 6-11 (page 257) 33. Sam Rothstein wants to borrow $15,500 to be repaid in quarterly installiments orer 16% compounded quarterly. How much will his payment be