You just purchased a $30,000 car by taking out a $25,000 loan. If the loan requires 6 yearly payments with an annual interest rate of 5%, how much will each payment be? QUESTION 7 Currently the S\&P is returning 12% while Treasury bonds are returning 3%. If a stock has a beta of 1.1 and an expected return of 7%, what is the required return for this stock? QUESTION 8 You originally purchased a stock for $50 and now its worth $75. What annual rate of interest did you earn if you purchased the stock 7 years ago? QUESTION 9 What would be the maximum price you should pay for a 10 year annuity that will provide payments of $800 a year? Assume the appropriate interest rate for this type of investment is 7%. QUESTION 10 You opened a savings yesterday by depositing $10,000. You then continued to make deposits of $4,000 a year. You plan on taking a vacation once the account reaches a balance of $100,000. How many deposits will you need to make if the account is expected to earn 4% per year? (HARD)