11. An investment pays you $30,000 at the end of this year, and $10,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 5% per year?* A) $39,614 B) $63,382 C) $79,228 D) $95,074 None of the above 15. Since your first birthday, your grandparents have been depositing $1200 into a savings account on every one of your birthdays. The account pays 6% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to: * A) $37,086.78 B) $22,252.07 C) $44,504.14 D) $51,921.49 None of the above 19. Niendorf Corporation's 5-year bonds yield 8%, and 5-year T-bonds yield 4.8%. The real risk-free rate isr* = 2.75%, the inflation premium for 5-year bonds is IP = 1.65%, the default risk premium for Niendorf's bonds is DRP = 1.20% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) * 0.1%, where t = number of years to maturity. What is the liquidity premium (LP) on Niendorf's bonds? A) 1.31% B) 1.46% C) 1.62% D) 2.00% None of the above