Your phone company charges 2.5% on any overdue monthly balance. What effective annual rate (EAR) are you paying on any unpaid balance? % You want to buy a new car worth $30,000 but you have no savings. The Finance Manager offers a loan to finance your new car with payments of only $750 per month payable for the next 7 years, with the first payment starting at the end of the first month. What is the nominal annual interest rate you will be paying? What is the PV of the following stream of cash flows assuming an interest rate of 50%? Years: 0 1 2 3 1 50 $100 $215 $152 Your Uncle has just retired and has investments of $375,000. He expects to live for another 25 years and also expect to cam 7% annually on his Invested funds. How much can ho withdraw each year and not run out of funds until the 25th year (le in year 25 his batanod wit bo 2000) ithe makes the first withdrawal starting today