1a) An annuity pays $13 per year for 53 years. If you receive the first payment today, what is the future value (FV) of this annuity at the end of that 53 years given that the discount rate is 9%?

$16,517.82

$13,764.85

$15,003.69

$19,270.79

1b) The case where there is an imbalance in the exchange of information about a business opportunity is known as _____________________

a) information symmetry

b) information assets

c) adverse selection

d) information asymetry

e) (A) and (C)