1/ How much must you invest at 7% interest in order to see your investment grow to $15,000 in 9 years? Use Appendix B. (Round "PV Factor" to 3 decimal places.)

$7,526

$8,160

$7,561

none of these

2/ Ambrin Corp. expects to receive $8,000 per year for 13 years and $9,500 per year for the next 13 years. What is the present value of this 26 year cash flow? Use an 10% discount rate. Use Appendix D and Appendix B. (Round "PV Factor" to 3 decimal places. Round your intermediate calculations to the nearest dollar value.)

$76,393

$87,048

$124,303

none of these

3/ You will deposit $2,000 today. It will grow for 10 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 8 years. The annual interest rate is 8%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.)

$923

$2,178

$499

$4,170