R. First Local Bank is advertising an APR on its loans of 6% compounded quarterly, Last National Bank is ndvertising an APR of 5.5% compounded monthly Which bank is advertising the lower effective annual interest rate? b) Suppose you wauted to reture with enough to buy a 1,000 acre sprcad in the Hill Country with borses. a ranch bouse and a very large Winnebago ($6 million). If you were willing to put off retirement until 75 and set aside $10,000 each year, what investment categories could you have to be in lo achieve this sibjective? (e) Suppose you were risk-nverse and would only invest in long-term government bonds. How many years would you have to save at $10,000 a year to get that ranch! 9. EASY STREET? You are now 15 years old and will retire at the age of 65. While you currently have no savings, you are going to start a personal investment plan now and learn that you can expect the following average annan Iclus in various livesLinents. 10. Chuck's Publishing, Inc. burci S20,000 from Citicorp lo linance the purchase af a new ollice cooling system. The loan has an interest rate of 10% and Chuck's will be required to make annual payments for the next years. Fill in the following loan Amortization schedule for this transaction Arvestment Payment Interest Paid Principle paid Aftercaricnronum Balance $20.000 11.5% Year 0 1 2 31 9.0% Emerging stock market stocks Smal-company U.S.sccks European and Asian stocks S&P 500 index US) 7.2% fi. Murat plans to buy a Corvette after 5 years. He expects the car will cost $63,000 at that time. How much does Murat need to save at the end of ench of the next five years to buy the Corvette if the rnte of interest is 10% per year? Art Baracal 20 U.S. Cargorule borda 0.04 a $10,00 b. $10,319 C. S12.600 d. S13,245 Lunctum Saruemment bonds 11.48 Sle -0.34 | (a) If you invest $10,000 each you for the next 30 years in small-company stocks how much would you lire wib (before taxes)