1. If you put up $27,000 today in exchange for a 7.75 percent,
11-year annuity, what will the annual cash flow be?
2. You want to have $63,000 in your savings account 8 years from
now, and you're prepared to make equal annual deposits into the
account at the end of each year. If the account pays 7.7 percent
interest, what amount must you deposit each year?
3. Prescott Bank offers you a $35,000, 8-year term loan at 10
percent...