Today, you are purchasing a $2,269 12-year car loan at 7 % You will pay annually at the end of each year What is the amount of each payment 13 If you receive $287 at the end of each year for the first three yrs and $982 at the end of each year for the next three yrs What is the PV Assume interest rate is 8% 14 In order to buy a house, you take a loan of 100,000 at 75% for a period of 13 yrs Compute the balance remaining at the end of 5 yrs 15 How many yrs it will take to grow your money from $4,140 to $9,250 if you can earn an interest of 7% compounded quarterly 17 Say, you deposit $3,613 in a bank for 16 yrs What is the amount you will have in the bank at the end of 16 yrs if interest of 4 % for first 9 yrs and interest of 7 % for the remaining yrs 18 How many yrs it will take you to double your money if you can earn 19% each year, given that compounding is quarterly 19 B is considering a drug project that costs $180,372 today and is expected to generate end-of-year annual cash flows of $11,811, forever At what discount rate would B be indifferent between accepting and rejecting the project.