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Just final answers Suppose you borrowed $45.000 at a...

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Finance

Just final answers
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Suppose you borrowed $45.000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? $44,138.54 2 $46,756.93 $42,268.26 4 $32,542.82 5 $37,405.54 You just inherited some money, and a broker offers to sell you an annuity that pays $13,900 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? $188,814.95 $173,224.72 3 $166,295.73 4 $202,672.93 $214,798.66 You want to buy a new ski boat 2 years from now, and you plan to save $5,300 per year, beginning one year from today You will deposit your savings in an account that pays 6.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now? $8,852 $9,617 3 $13,333 $10,929 $9,508

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