Saved Question 11 (10 points) Loveday Inc. plans to invest in an investment project that will generate $20,000, $25,000, $27,500, and $30,000 at the end of each year for Years 1 to 4, respectively. Blank #1: If it earns 9.2 percent on its savings, how much will the firm have saved at the end of Year 42 INSTRUCTION: ROUND ANSWER TO 2 DECIMAL PLACES. POSITIVE NUMBER ONLY, NO S OR % SYMBOL. Blank #2: If it continues to keep the money in the 9.2 percent savings account, how much will the firm have by the end of Year 10? INSTRUCTION: ROUND ANSWER TO 2 DECIMAL PLACES. POSITIVE NUMBER ONLY, NO S OR % SYMBOL Blank # 1 114,054 24 Blank #2 Question 12 (10 points) You want to buy an investment property for $154,000. Your current lender has quoted you a mortgage rate of 3.50 percent APR for 30 years. Blank 1: What will your monthly payments be? 15 points) INSTRUCTION: ROUND YOUR ANSWER TO 2 DECIMAL PLACES. POSITIVE NUMBER ONLY, NO SOR SYMBOL Blank 2: What is the effective annual rate (EAR) in percentage on this mortgage? 5 points) INSTRUCTION: ROUND YOUR ANSWER TO 2 DECIMAL PLACES. POSITIVE NUMBER ONLY, NO SOR SYMBOL