4 How much do you have to deposit at the end of each year if you need $ 20,000 in 10 years, assuming k = 6%?

	1,517.36
	1,519.36

	1,521.36
	1,523.36

None of the above

5 How much do you have to deposit at the end of each year if you need $ 20,000 in 10 years, assuming k = 6%?

	1,517.36
	1,519.36

	1,521.36
	1,523.36

None of the above

6 What is the present value of a consol (perpetual bond), assuming it offers $ 20 at the end of every year for ever and k = 8%?

	20
	160

	250
	400

None of the above

7 In how many years will $2,500 become $8,000 if k=2.5% simple interest per year?

	84 years
	86 years

	88 years
	90 years

None of the above

8 What is the future value of $53,748 deposited today at the end of 14 years, assuming the rate of interest is 0.7 percent, using simple rate of interest?

	59,005.30
	59,015.30

	59,025.30
	59,035.30

None of the above