QUESTION 34 An investment returns $4000 per semiannual period (every 6 months) for 10 years. If it earns 7%, what is the value today (semiannually compounded)? $42,287 $45,165 $56,850 $57,188 none of these QUESTION 35 A car loan in the amount of $32,000 will be repaid over a five-year term. The rate on the loan is 6%, and payments and compounding are monthly. Determine the balance on the loan at the end of month 3. $22,077 $21,947 $29,890 $30,617 none of these