Dinero bank offers you a five-year loan for 69000 at an


1. Dinero Bank offers you a five-year loan for $69,000 at an annual interest rate of 8.5 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Annual loan payment

2. What is the future value of $3,600 in 20 years assuming an interest rate of 8.9 percent compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management: Dinero bank offers you a five-year loan for 69000 at an
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