You've borrowed $4,248.68 and agreed to pay back the loan with monthly payments of $200. If the interest rate is 12 percent stated as an APR, how long will it take you to pay back the loan? (Round to the nearest month) Your Answer: Answer Question 4 (2 points) The $7.2M lottery that you just won actually pays ( $7.2M divided by 31 ) per year for 31 years. If the discount rate is 8 percent, and the first payment comes in 1 year, what is the present value of the winnings? Your