1. Time Value of Money Questions If I invest $1,000 at the start of each year every year for the next four years in an account paying 4% annual interest, how much will I receive at the end of 4 years? (ordinary annuity vs. annuity due) 2. I want to borrow $10,000 for 5 years to buy a new car. If the APR is 8%, calculate my monthly payment. 3. I have $10,000 right now. I need $12,000 at the end of year 4. What interest rate must I receive to turn $10,000 into $12,000. 4. In how many years will my savings double, if I can earn 5% annual interest? 5. What is the present value of a 10-year $50,000 annuity if the annual opportunity cost is 5%? 6. Calculate the future value of the following mixed stream at the end of year 3 at 8% opportunity cost. Assume you are investing at the end of each year: Year 2 3 Savings $400 $600 $200 7. If a car dealer is charging me 1.25% monthly rate on my car loan, what is the APR? What is the EAR? 8 If I invest $5,000 today in an account paying 5% annual interest, how much will I receive after 5 years? How will your answer change if interest is paid daily? D Focus Fnglish (United States)