1.What is the present value of a 17 year ordinary annuity with an annual payment of $216,000 if the opportunity cost rate is 15.2%?$1292843.78

2.An ordinary annuity pays $16,375 per year for 9 years.If you pay $100,000 for this annuity now, what rate of return (interest rate) will you earn? 8.55%

3.A 22 year ordinary annuity has a present value of $28,520.If the interest rate on this annuity is 12%, what is the amount of each payment? 3730.72

4.Your friend has just turned 22 years old and wants to be able to retire at age 50 with $1,000,000.If your friend can earn an after tax rate of return on investment of 8.64%, how much must she save annually beginning one year from now (for 28 years) in order to achieve this goal? $9412.60