Question: 1. Calculate the present value of the annuity. (Round your answer to the nearest cent.) $1400 monthly at 6.3% for 30 years.
2. Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Quarterly payments on $11,500 at 3.6% for 6 years.
3. Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 5 years of monthly payments on $150,000 at 3% for 25 years.