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10. (FV of annuity) Compute the future value of S555 invested every year if the appropriate rate is 11.6% and you invest the money for
10. (FV of annuity) Compute the future value of S555 invested every year if the appropriate rate is 11.6% and you invest the money for 6 years with the first payment made one year from now. (1 point) a) S4,458.67 b) S4,658.09 c) S5,123.92 d) S6,234.98 11. One year ago, JK Mfg. deposited S20,500 in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another S15,000 to this account. The company plans on making a final deposit of S10,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 3.5 percent interest? (1 point) A. 53,408.19 B. 53,919.23 C. 56,211.65 D. 52,647.60 E. 58,021.43 12. DLM preferred stock has a 5.8 percent dividend yield. The stock is currently priced at S36.20 per share. What is the amount of the annual dividend? (1 point) A. 2.30 B. 2.35 C. 2.40 D. 2.10 E. 1.90
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