webassign.net The present value of an annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) Present value = $6700, and the interest rate is 7.2% compounded quarterly for 4 years. $:l Additional Matarials E] eBook 8. [-11 Points] ROLFFMB 5.4.020. ASK YOUR TEACHER PRACTICE ANOTHER Find the monthly payment for the loan indicated. (Round your final answer to two decimal places.) Amount of loan = $13,500 at an annual interest rate of 5.8% for 6 years. $ Z] Need Help? Additional Matarials II] eBaok 9. [-11 Points] ROLFFMB 5.4.022. ASK YOUR TEACHER PRACTICE ANOTHER Find the monthly payment for the loan indicated. (Round your final answer to two decimal places. See Example 5.) To purchase a home, a family borrowed $91,000 at an annual interest rate of 6.6% for 20 years. $:l Additional Materials lIl eBook 10. [-12 Points] ROLFFM8 5.4.024. ASK YOUR TEACHER PRACTICE ANOTHER The monthly payments on a 20-year loan of $15,000 at 6.8% interest are $114.50. (a) What is the total amount paid over the 20 years? $ [:1 (b) What is the total amount of interest paid? $ E Additional Material: E] eBuok 11. [-13 Points] ROLFFMB 5.4.027. ASK YOUR TEACHER PRACTICE ANOTHER A family borrowed $68,000 to buy a house. The loan was at 7.2% and for 20 years. The monthly payments were $535.40 each. (See Example 6.) (a) How much of the rst month's payment was interest, and how much was principal? interest $ :J (b) What was the total amount paid over the 20 years? 1' [:1 Additional Meterlals III eBook 12. [-11 Points] ROLFFMS 5.4.033. ASK YOUR TEACHER PRACTICE ANOTHER A mechanic borrows $8500 to expand his garage. The interest rate is 10% compounded quarterly with payments due every quarter. What are the quarterly payments il' the loan is to be paid off in 4 years? (Round your final answer to two decimal places.) *l:]