Please answer 1& 2

bottom. 1) AIG offers a 10-year ordinary annuity with a guaranteed rate of 6.65% compounded annually. Ilow much should you pay for one of these annuities if you want to receive payments of $5,000 anmally over the 10-year period? 2) E-Loan, an online lending service, recently offered 36-month auto loans at 7.56% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $350. how much can you borrow from E-Loan? What is the total interest you will pay for this loan? You mr 70down and amortize the rest with equal monthly payments over a