7. What is the present value (PV) of an investment that will pay $800 every year forever, when the interest rate is 10%?* O A) $2500 $ B) $4000 C) $3000 D) $8000 E) None of the above 8. Your coin collection contains ten silver dollars referring to year 1949. If your grandparents purchased the coins for their face value when they were new, how much will your collection be worth when you retire in 2065, assuming the coins appreciate at an annual rate of 5.1 percent? * A) $3,440.63 O B) $2,329.29 C) $3,348.98 D) $3,205.64 E) $2,644.29 1. The present value of annuity received at the beginning of each period is more than the present value of annuity received at the end of each period. * O A) True O B) False