You borrow $5000 from a bank with an initial interest rate of 10% and promise to make equal payments (A) at the end of each year for 10 years. After the first 3 years of payments, the bank changes the interest rate to 8% and then to 6% for the last four years. Find the value of equal payments (A1) made during the first 3 years. $842.96 $786.48 $876.20 $813.50 $864.32 Peter wants to borrow $120,000 to start a company. The bank offers an annual 12% nominal interest rate compounded monthly. What is the monthly payment for this 10 -year loan? Round the answer to the nearest value. $1,700 $2,100 $860 $1,500 $1,800 You deposited $2000 into a bank for 6 months. At the end of 6 months you received $2080. What is the nominal rate of interest? Most nearly number for answer. 3.5% 5% 4% 3%