Suppose you expect to receive the following cashflows: $11,000 today followed by $8,000 each year for the next 8 years (so the last cash flow is at year 8). How much is this cashflow stream worth to you today if the appropriate discount rate is 9.7%

If your business borrows $19,000 from a bank for 9 years at an interest rate of 6.5%, how much will you owe in balloon payment at the end of the loan's term? This is a balloon loan with all payment due at the end.

Suppose your business wants to borrow $4214 from a bank for 6 years. The bank wants a balloon payment of $6214 at the end of the loan's term. What is the interest rate implied by this deal? Answer in percent