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Need help answering this please. Thank you Questions 27-30 are based on the following information. Annuities. Suppose 8% interest rate is compounded annually 27. What

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Questions 27-30 are based on the following information. Annuities. Suppose 8% interest rate is compounded annually 27. What is the future value of a stream of receipts of $1000 each to be received at the end of the next three years? a. $3,246.40 b. $3,506.11 c. $2,577.10 d. $2,783.26 28. What is the present value of a stream of $500 payments each to be made at the end of the next three years, with 8% discount rate compounded annually? a. $3,246.40 b. $3,506.11 c. $2,577.10 d. $2,783.26 29. What is the future value of a stream of receipts of $500 each to be received at the beginning of the next three years, with 8% annual compounding rate? a. $3,246.40 b. $3,506.11 c. $2,577.10 d. $2,783.26 beginning of the next three years, with 8% annual compounding rate? a. $3,246.40 b. $3,506.11 c. $2,577.10 d. $2,783.26 30. What is the present value of a stream of $500 payments each to be made at the Questions 27-30 end. 3 Questions 35-37 are based on the following information, FRM amortization. A $200,000 conventional fixed-rate home loan has 15 years and 7% annual interest rate 35. What is the monthly payment? a $1,830 b. s1,797 c. $1,679 d. $1,721 36. What is the amount of interest paid in the first year of the loan? a. $ 1,167 b. $13,333 c. $13,752 d. $14,000 37. What is the loan balance after 10 years if paid as agreed a. $92,721 b. $83,581 c. $85,492 e. $90,785 Questions 36-37 end. Questions 38-40 are based on the following information. FRM amortization. A $150,000 home is financed by a 30 percent down, 25-year, and 9 percent loan. 38. What is the monthly payment on the loan? a. $636.09 b. $881.16 c. $763.31 d. $677.82 39. What was the amount of interest paid in the first month of the loan? a. $702.32 b. $787.50 c. $726.31 d. $583.33 40. What is the remaining balance of the loan at the end of the 5th year? a. $ 81,450 b. $100,666 c. $79,097 d. $97,936 Questions 38-40 end. 9

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