1. You are borrowing $5,370 to buy a car. The terms of the loan call for monthly payments for 5 years at a 5.50 percent interest compounded monthly. What is the amount of each payment?

$99.78

$77.96

$77.41

$102.57

$98.23

2. Winter Time Adventures is going to pay an annual dividend of $3.05 a share on its common stock next week. This year, the company paid a dividend of $2.90 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 11 years from now if the applicable discount rate is 10.0 percent?

$101.72

$104.61

$110.02

$144.26

$119.00