One year ago, you took out a 10-year $50,000 interest-only loan The APR on the loan is 8% and payments are to be made at the end of each year. What is the amount of the payment that is due today? Select one a $ 4000 b 554 000 c. 54,500 d$ 7,791 e$ 7,451 Which of the following statements is most correct? Select one at an investment pays 10 percent interest compounded annually, its affectivere will be greater than 10 percent An investment's nominal merest rate will always be equal to or greater than its effective annual rate An investment's periodic interest rate will always be equal to or greater than its nominal interest rate d Other things equal, a 15-year mortgage will have larger monthly payments than a 30-year mortgage of the same amount and same interest rate + Other things equal, A5 year $100 annuity due will have a smaller present value than a 5-year $100 ordinary annuity