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Instructions: Use four decimal places for your calculations. Show your answers by rounding the calculation results to two decimal places if answers are in dollars.

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Instructions: Use four decimal places for your calculations. Show your answers by rounding the calculation results to two decimal places if answers are in dollars. For example, if your calculation results in $100.1265, show your answer as $100.13. If you need to show your answers as a percent, take four decimal places from your calculation, converting them into a percent. For example, if your calculation results in 0.4567, show 45.67%, not 46%. To set your Texas Instrument BA II PLUS calculator at 4 decimal places, press [2ND] FORMAT 4 [ENTER]. Please follow the instructions for homework assignments on the syllabus. (5) The present value of $500 per year for 20 years at 10%. Assume that payments are made at the end of each year. (6) The present value of $500 per year for 20 years at 10%. Assume that payments are made at the beginning of each year. (7) The future value of $600 each 6 months for 5 years at nominal rate of 8%, compounded semiannually. Assume that payments are made at the end of each semiannual period. (8) The future value of $300 each 3 months for 5 years at nominal rate of 8%, compounded quarterly. Assume that payments are made at the end of each quafter. (9) The present value of $600 each 6 months for 5 years at nominal rate of 8%. compounded semiannually. Assume that payments are made at the end of each semiannual period. Part III (Loan amortization) (10) You are planning to borrow $500,000 on a 5 -year, 10%, annual payment, fully amortized term loan. What fraction (percentage) of the payment made at the end of the second year will represent repayment of principal? (5) The present value of $500 per year for 20 years at 10%. Assume that payments are made at the end of each year. (6) The present value of $500 per year for 20 years at 10%. Assume that payments are made at the beginning of each year. (7) The future value of $600 each 6 months for 5 years at nominal rate of 8%, compounded semiannually. Assume that payments are made at the end of each semiannual period. (8) The future value of $300 each 3 months for 5 years at nominal rate of 8%, compounded quarterly. Assume that payments are made at the end of each quarter

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