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What is the present value (PV) of an investment that will pay $500 in one year's time, and $500 every year after that, when the

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What is the present value (PV) of an investment that will pay $500 in one year's time, and $500 every year after that, when the interest rate is 3% ? A. $8,334 B. $16,667 C. $10,000 D. $13,334 Dan buys a property for $260,000. He is offered a 30 -year loan by the bank, at an interest rate of 6% per year. What is the annual loan payment Dan must make? A. $18,888.72 B. $22,666.46 C. $26,444,21 D. $30,221.95

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