Spring 2021 Answer each question using the formula and show your work. 1. What is the Present Value of an annuity that pays $2,150 each year for the next 10 years? The interest rate is 7.5%. 2. What is the future value of an annuity that pays $2200 per year for next 10 years? The interest rate is 8.25%. 3. What is value of a perpetuity that pays $6,000 per year forever? The interest rate is 7% 4. What is the monthly loan payment for a $19,250 loan, for 5 years, with an interest rate of 5.5%