a. What is the present value (PV) of $60,000 received thirty years from now, assuming the interest rate is 6% per year?

a. 10,447

b.8880

c. 18,282

d. 39,000

b. If $546 invested today yields $600 in one year's time, what is the discount factor?

a. 1.91

b. 0.09

c. 1.82

d. 0.91

c. If the one-year discount factor is equal to 0.95238, the interest must be equal to:

a.5.0%

b. 4.5%

c.2.5%

d.4.0%