1. What is the approximate future value of an annuity after 10 years with payments each period of $200, and an interest rate of 6%?

1. $1,257.59
2. $2,515.58
3. $2,636.16
4. $3,187.4

2. Set the sliders so that the interest rate is 5%, the payment is $100, and the number of periods is 3. If the interest rate doubles from 5% to 10%, the future value of the annuity:

1. Increases but by less than double
2. Exactly doubles
3. Increases by more than double
4. Cannot be determined

3. Again, set the sliders so that the interest rate is 5%, the payment is $100, and the number of periods is 3. If the payment doubles from $100 to $200, the future value of the annuity:

1. Increases but by less than double
2. Exactly doubles
3. Increases by more than double
4. Cannot be determined

4. Again, set the sliders so that the interest rate is 5%, the payment is $100, and the number of periods is 3. If the number of periods doubles from 3 to 6, the future value of the annuity:

1. Increases but by less than double
2. Exactly doubles
3. Increases by more than double
4. Cannot be determined