You borrowed $2.500 at 9.2 percent compounded annually. Your payments are $500 at the end of each year. How many years will you make payments on the loan? 5 years 6 years 7 years 8 years 9 years QUESTION 7 You own a bond issued by the CP railroad that promises to pay the holder 5100 annually forever. You plan to sell the bond three years from now. If similar investments yield 6 percent at that time how much will the bond be worth? 5918.79 $1,333.34 $1.666.67 $1.789.42 $1,958.20