1. The FVFA for the future value of an annuity is 4.641 at 10% for 4 years. If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be? a. $2,500 b. $2,000 C. $1,724 d. $2,200 2. A home buyer signed a 20-year, 8% mortgage for $72,500. How much should the annual loan payments be? (Assume annual compounding.) a. $5,560 b. $7,384 c. $8,074 d. $13,900 3. After 20 years, 100 shares of stock originally purchased for $1,000 was sold for $5,000. What was the annual yield on the investment? Choose the closest answer. a. 19.00% b. 5.00% C. 12.70% d. 8.38% 4. You want to build a house in 10 years. You estimate that the total cost will be $170,000. If you can put aside $10,000 at the end of each year, what rate of return must you earn to have the amount needed? a. Between 11% and 12% b. Between 8% and 9% c. 17% d. 14% 5. You require an internal rate of return of 8% to accept a project. If the project will yield $10,000 per year for 10 years, what is the maximum amount that you would be willing to invest in the project? a. $51,400 b. $67,100 c. $100,000 d. $144,870 6. An asset just purchased, qualifies for a 20% CCA rate and qualifies for a 5% ITC. If the asset cost $60,000 what is the amortization base (UCC) in the second year before CCA is taken? a. $54,000 b. $51,000 c. $56,000 d. $48,000