13. Which of the following amounts is closest to the present value of a payment of $21,000 three years from now if the effective annual interest rate is 4%? A) $18,669. B) $18,658 C) $19,218 $18,480. E) $17,951. 14.The great grandparents of one of your classmates sold their munitions factory to the government in beginning of 1898 during the Spanish-American War for $150,000. If these proceeds had been invested at 6% from then until the end of 2001 the legacy to your classmate's family would be worth how much today (assume whole years)? A) $936,000 B) 64,254,159.44 $1,086,000 60,617,131.54 E) 60,467,131,54 15.If you have a choice to earn simple interest on $10,000 for three years at 8% or compound interest at 7.5% for three years which one will pay more and by how much? A) Simple interest by $1,500. B) Compound interest by $22.97. Compound interest by $150.75 Simple interest by $150.00 None of the above