1.Five Years Future ValueWhat is the future value of $5,000 deposited for five years earning 9% interest rate annually?

Multiple Choice

• $12,693
• $5,000
• $2,693
• $7,693

2.Discounting ThreeYearsWhat is the present value of a $670 payment in three yearswhen the discount rate is 7 percent?

Multiple Choice

• $716.90
• $623.10
• $546.92
• $670.00

3.Future Value of an AnnuityWhat is the future value of a $1,300 annuity payment over 6 years if the interest rates are 9 percent?

Multiple Choice

• $2,180.23
• $8,502.00
• $9,780.33
• $14,938.71

4.Future Value of an AnnuityWhat is the future value of a $1,300 annuity payment over 6 years if the interest rates are 9 percent?

Multiple Choice

• $9,780.33
• $2,180.23
• $8,502.00
• $14,938.71

5.Present Value of an AnnuityWhat is the present value of a $1,200 annuity payment over 6 years if interest rates are 12 percent?

Multiple Choice

• $5,476.51
• $2,368.59
• $4,933.69
• $607.96

6.Present Value of a PerpetuityWhat's the present value, when interest rates are 6.70 percent, of a $220 payment made every year forever?

Multiple Choice

• $14.74
• $2,200.00
• $3,283.58
• $1,474.00

7.Interest-on-InterestConsider a $2,400 deposit earning 8 percent interest per year for 11 years. How much total interest is earned on the original deposit (excluding interest earned on interest)?

Multiple Choice

• $3,130.89
• $211.20
• $1,018.89
• $2,112.00