Problem 4-35 Solving for Rates (LG4-7) 25 You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1700 points What return did you earn? (Negative answer should be indicated by a minus sign) Bock Retur eamed Berences What return would you need to get next year to break even overall? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Retum eamed LMR my Problem 4-32 Solving for Time (LG4-8) 2.5 points How long will it take $2,000 to reach $4,400 when it grows at 11 percent per year? (Do not round Intermediate calculations. Round "months" to 1 decimal place.) obook Period l years months Check Problem 5-7 Present Value of an Annuity (LG5-4) What's the present value of a $830 annuity payment over six years of interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) points eBook Present value Problem 5-15 Effective Annual Rate (LG5-7) Dots A loan is offered with monthly payments and a 12.50 percent APR. What's the loan's effective annual rate (EAR ? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Effective annual rate Problem 5-26 Present Value (LG5-4) points You are looking to buy a car. You can afford $620 in monthly payments for five years. In addition to the loan, you can make a $720 down payment. If interest rates are 875 percent APR what price of car can you afford (loan plus down payment? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Boca Present value Problem 5-23 Present Value of Multiple Annuities (LG5-4) A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $2,100 per month for the next three years and then $4200 per month for two years after that. If the bank is charging customers 775 percent APR, how much would it be willing to lend the business owner? (Do not round Intermediate calculations and round your final answer to 2 decimal places.)