14. You have purchased 100 shares of stock in a publically traded REIT that invests in apartment complexes throughout the US. The company is expected pay quarterly dividends of $1.50 per share. If you expect the stock will be worth $75 per share at the end of the five years, what is the value of the stock to you today if your required rate of return on an annual basis is 14%? Discounting an Annuity to a Present Value 15. What is the value today of a series of $1,000 payments, to be received at the end of each month for three years, when discounted at 10 percent annually? Determining a Series of Equal Payments Necessary to Amortize a Present Value 16. What is the monthly payment on a $250,000 loan for 25 years at 10 percent interest