If you borrow $40,000 at an annual interest rate of 11% for seven years, what is the annual payment (prior to maturity) on an interest-only type of loan?

Question 11 options:

	$4,400.00
	$8,333.33
	$12,161.29
	$6,000.0

The main variables of the TVM equation are ________.

Question 15 options:

	present value, future value, perpetuity, interest rate, and principal
	present value, future value, perpetuity, interest rate, and payment
	present value, future value, time, interest rate, and payment
	present value, future value, time, annuity, and interest rate