38. You decide to begin saving toward the purchase of a car in savings account paying 5 percent compounded annually at the e years, how much will you accumulate after 4 years? f you pu yers each of the next 4 a. $6,630.75 b. $5,430.76 c. $1,458.61 d. $5,172.15 e. $4,800.00 39. Refer to the previous problem. What would be the ending amount if $600 payments were made at the beginning of each 6-month period for 4 years and the account paid s percent compounded semiannually? a. $5,729.47 b. $5,172.15 c. $2,491.51 d. $5,372.71 e. $5,241.67 Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in Years 6 through 8, and $4,000 in Year 9, with all cash flows to be received at the end of the year If you require a 14 percent rate of return, what is the present value of these 40. cash flows? a. $9,851 b. $13,250 c. $11,714 d. $15,129 e. $17,353 ate is 10 present value of $1,000, and if the interest r 41. If a 5-year ordinary annuity has a percent, what is the amount of each annuity payment? a. $240.42 b. $263.80 c. $300.20 d. $315.38 e. $346.87