Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US How to calculate annuity present values?? Answer= 10 points? If one wants to borrow $55,000 from the local bank and can only afford to make monthly payments of $1,120 but no more. Assumming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? Any help will be much appreciated.. please show work as it will help me figure out how to calculate these type of problems...Thank You in advance