You have an investment that pays $7,921 each year for 4 years, starting next year. The interest rate is 4.51% compounded annually. What is the present value of this investment? You are planning to save for you child's college education which will start in 18 years. You expect the tuition to be $45,762, each year, in years 18 to 21. If your college savings account pays 3.53% APR compounded annually, how much do you have to deposit in years 1 to 16 to exactly fund the tuition? Question 6 1 pts You take out a bank loan for $28,042 today. You need to pay the loan back over the next 17 years with 17 equal payments, starting next year. If the interest rate on the loan is 4.05% APR compounded annually, how big are the payments