1. You want to have $65,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. Required: If the account pays 6.5 percent interest, what amount must you deposit each year? $7,222.22 $4,224.98 $4,225.01 $5,540.47 $9,851.25 2. An investment will pay you $23,000 in 7 years. The appropriate discount rate is 10 percent compounded daily. Required: What is the present value? $11,765.23 $11,422.56 $10,851.43 $11,802.64 $11,993.68 3. Dinero Bank offers you a $31,000, 7-year term loan at 8 percent annual interest. Required: What will your annual loan payment be? (Do not round your intermediate calculations.) $5,176.50 $5,954.24 $5,752.15 $6,159.41 $6,371.04 4. Given an interest rate of 6.0 percent per year, what is the value at date t = 10 of a perpetual stream of $600 payments that begins at date t = 18? $6,650.57 $10,000.00 $6,274.12 $6,517.56 $6,783.58 5. You're prepared to make monthly payments of $320, beginning at the end of this month, into an account that pays 12 percent interest compounded monthly. Required: How many payments will you have made when your account balance reaches $24,425? (Do not round your intermediate calculations.) 51.3 62.7 5 20.46 57