Problem 7 Your car loan requires payments of $300 per month for the first year and payments of $400 per month during the second vear. The annual interest rate is 12% and payments begin in one month. What is the present value of this two-year loan? Oooooooo SC Problem 8 What is the expected real rate of interest for an account that offers a 15% nominal rate of return when the rate of inflation is 5% annually? Problem 9 Assuming monthly compounding, what will be the monthly payment on a home mortgage of $800,000 at 6% interest, to be amortized over 30 years? Problem 10 If you want to save $5000 in a mutual fund by the end of 10 years and the mutual fund pay 5% interest compounded quarterly, how much money should you invest today