led from college but unfortunately have $35,000 in outstanding loans. The loans require payments of $3,445 per year, which will it take you to repay the debt? Use Appendix D to answer the question. Round your answer up to the next whole number. If the powers that be raise the rate to 6 percent, how many additional years will be required to retire the loans? Use Appendix question. Round your answer up to the next whole number. A corporation issues a debt instrument such as a bond that promises to pay you annually $40 for two years and $1,000 after two years. What is the maximum amount you would pay for this debt instrument if you wanted to earn 8 percent? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. You are offered an annuity that will pay $9,000 a year for ten years (that is, ten payments), but the payments start after four years have elapsed. If you want to earn 8 percent on your funds, what is the maximum you should pay for this annuity? Use Appendix B and Appendix answer the question. Round your answer to the nearest dollar