39) You just paid $480,000 for an annuity that will pay you and your heirs $15,000 a year 39) forever. What rate of return are you earning on this policy? A) 4.255 percent B) 3.650 percent C) 3.125 percent D) 3.100 percent E) 2.875 percent 40) Jones Stoneware has a liability of $75,000 due four years from today. The company is 0) planning to make an initial deposit today into a savings account and then deposit an additional $10,000 at the end of each of the next four years. The account pays interest of 4.5 percent. How much does the firm need to deposit today for its savings to be sufficient to pay this debt? A) $1 9,469.64 B) $27,016.84 C) $22,218.09 D) $21,400.33 E) $28,299.95 41) You have been purchasing $12,000 worth of stock annually for the past eight years and 41) A now have a portfolio valued at $87,881. What is your annual rate of return? A) 2.54 percent B) 3.29 percent C)-4.32 percent D) 4.32 percent E) 2.54 percent N:8, 119+7-2.54, -12MD/ ?87,881 Poms 42) The Art Gallery is notoriously known as a slow-payer. The firm currently needs to 2) borrow $25,000 and only one company will loan to them. The terms of the loan call for weekly payments of $500 at a weekly interest rate of .45%, what is the loan term? A) 42.5 weeks B) 50.11 weeks C) 43.33 weeks D) 45.00 weeks E) 56.77 weeks