You plan to borrow $32,700 at a 6.7% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2? a. $6,004.28 b. $5,627.25 Oc$1,960.66 Od. $1,935.40 Oe $2.190.90 If you receive $13,000 today and can invest it at a 4.00% annual rate compounded continuously, what will be your ending value after 20 years? a. $28,484.60 Ob. $23,400.00 Oc. $13,530.54 Od. $28,932.03 e. $27,389.04 You have a chance to buy an annuity that pays $37,000 at the beginning of each year for 5 years. You could earn 5.3% on your money in other investments with equal risk. What is the most you should pay for the annuity? O a. $137,196.43 O b. $195,870.85 Oc$186,012.20 d. $167,291.01 Oe. $158,870.85 What is the present value of the following cash flow stream at a rate of 10.0%? Years: CFS: Oa. $11,623.89 O b. $15,471.40 Oc. $18,717.16 Od. $10,567.17 Oe. $14,000.00 0 1 2 3 $0 $1,400 $2,800 $4,200 $5,600