Problem 10 Intro You took out a loan to buy a new car. The monthly interest rate on the loan is 2.5%. You have to pay $220 every month for 60 months. BAttempt 1/10 for 8 pts. Part 1 What is the present value of the cash flows if it's an ordinary annuity? No decimals Submit Part 2 What is the future value of the cash flows if it's an ordinary annuity? Attempt 1 /10 for 8 pts. No decimals Submit B Attempt 1/10 for 10 pts. Part 3 What is the present value of the cash flows if it's an annuity due? No decimals Submit Part 4 What is the future value of the cash flows i it's an annuity due? B Attempt 1/10 for 8 pts. No decimals Submit Problem 11 Intro You took out some student loans in college and now owe $5,000. You consolidated the loans into one amortizing loan, which has an annual interest rate of 6% (APR). Attempt 1/10 for 10 pts. Part 1 If you make monthly payments of $200, how many months will it take to pay off the loan? Fractional values are acceptable. 1+ decimals Submit Problem 12 Intro You want to borrow $800,000 from your bank to buy a business. The loan has an annual interest rate of 8% and calls for equal annual payments over 10 years (starting one year from now), after which the loan is paid back in full. Part 1 What is the annual payment you have to make? B Attempt 1/10 for 10 pts. No decimals Submit