1) You are offered an investment with a quoted annual interest rate of 12% with quarterly compounding of interest. What is your effective annual interest rate? options: 12.55% 12.32% 11.69% 12.97% 12.00%

2) You are valuing an investment that will pay you $26,000 per year for the first 9 years, $30,000 per year for the next 11 years, and $56,000 per year the following 17 years (all payments are at the end of each year). If the appropriate annual discount rate is 15.00%, what is the value of the investment to you today?

	$941,575.56
	$147,322.33
	$1,516,000.00
	$189,384.67
	$1,687,611.20

3) You plan to accumulate $249,000 over a period of 6 years by making equal annual deposits in an account that pays an annual interest rate of 15% (assume all payments will occur at the beginning of each year). What amount must you deposit each year to reach your goal?

	$24,734.77
	$28,444.99
	$107,649.57
	$153,185.34
	$21,766.60

4) If you wish to accumulate $140,000 in 6 years, how much must you deposit today in an account that pays a quoted annual interest rate of 11% with monthly compounding of interest?

	$72,577.07
	$74,849.72
	$99,550.12
	$66,117.71
	$124,250.53