Q16) What is the most that you would pay for an investment that promises to pay $14,745.00 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 7.50% . (1.5 points)

Q17) A loan has a stated annual rate of 8.68% . If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? (1.5 points)

Q18) You invest $2,001.00 at the beginning of every year and your friend invests $2,001.00 at the end of every year. If you both earn an annual rate of return of 5.10% , how much more money will you have after 27.0 years? (2 points)