Question 9 (6.66 points) Listen Compute the present value of an annuity of $ 669 per year for 20 years, given a discount rate of 6 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your Answer: Answer Question 10 (6.66 points) Listen Several years ago, Bill Smith borrowed $125,000 to buy his house. He has a 15 year, monthly payment mortgage with an interest rate of 8.75 percent per annum. Bill is thinking about refinancing his house so he would like to know the payoff on his current loan. Assuming that he just made payment number 108, compute the payoff on Bill's loan. Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your Answer: Answer Question 6 (6.66 points) Listen You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $176 (first payment made at t = 1), followed by five annual payments of $454, followed by four annual payments of $892. How much did you borrow? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your