1 pts Question 18 Annie is investing $2,500 today and will do so at the beginning of each of the next six years for a total of seven payments. If her investment can earn 12 percent, how much will she have at the end of seven years? (Round to the nearest dollar.) $31,127 $28,249 $25,223 $29,460 Question 19 1 pts JC Penny Inc. borrowed $152.300 from a bank. If the quoted rate (APR) is 11.75 percent, and the compounding is daily. what is the effective annual rate (EAR)? (Round to one decimal place.) 11.6% 9.8% 14.3% 12.5% Question 20 1 pts Verizon company will be making lease payments of $3,895.50 for a 10-year period, at the end of each year. If the firm uses a 9 percent discount rate, what is the present value of this annuity? (Round to the nearest dollar.) $21,200 $25,000 $23.250 $29,070 Question 21 1 pts Aaron has funded a retirement investment with $250,000 earning a return of 6.75 percent. What is the value of the payment that he can receive in perpetuity? (Round to the nearest dollar) $16,875 $14,900 $12,150 $15,250 Question 22 Question 22 1 pts What will be a firm's equity multiplier given a debt ratio of 0.457 Round your final answer to two decimal places. 2.34 1.82 01.01 3.12 Question 23 1 pts Your mother is trying to choose one of the following bank CDs to deposit $10,000. Which one will have the highest future value if he plans to invest for five years? (Use six decimal points) 5.52% compounded monthly 5.50% compounded daily 5.56% compounded semi-annually 5.62% compounded annually D Question 24 1 pts