1-The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. If the required return on this investment is 7.2 percent, you will pay $

2-Gold Door Credit Bank is offering 9.3 percent compounded daily on its savings accounts. If you deposit $4,500 today, you will have $in the account in 5 years, $in 10 years, and $in 20 years.

3-Beginning three months from now, you want to be able to withdraw $2,300 each quarter from your bank account to cover college expenses over the next four years. If the account pays 0.65 percent interest per quarter, you need to have $in your bank account today to meet your expense needs over the next four years.

4-You want to buy a new sports car from Muscle Motors for $68,000. The contract is in the form of a 60-month annuity due at an 7.85 percent APR. Your monthly payment will be $.