What's the present value, when interest rates are 8.5 percent of a $120 payment made every year forever? (Round your answer to 2 decimal places.) Present value To borrow $600, you are offered an add-on Interest loan at 9 percent. Two loan payments are to be made, one at six months and the other at the end of the year. Compute the two equal payments. Two equal payments What's the present value of a $660 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value Present value Compute the future value in year 7 of a $4,000 deposit in year 1, and another $3,500 deposit at the end of year 4 using a 8 percent Interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value What annual interest rate would you need to earn if you wanted a $1,000 per month contribution to grow to $77,500 in six years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Annual interest rate