An investment offers to pay $300 a year forever starting at the end of year 5. If the interest rate is 12%, what is the investment's value today? (Assume annual compounding) Multiple Choice O $1,588.8 $1,418.57 $1,731.79 $1,779.45 Miller's Hardware plans on saving $100, $150, and $450 at the end of each year for the next three years, respectively. How much will the firm save at the end of the 10th year if it can earn 2% on its savings? (2% is annual interest rate and assume annual compounding) [Please round your answer to the nearest whole number] Multiple Choice $796 $812 $828 $822 If the interest rate is 5%, which of these investments would you prefer? Multiple Choice A payment of $50 a year for 20 years starting at the end of 1st year. A single payment of $600 at the end of 1st year. An ordinary perpetuity of $29. A payment of $618 today. The sum of $6200 is deposited into an account paying 11% annually. If $ 800 is withdrawn at the end of years 1, year 2 and year 3, how much remains in the account at the end of year 3? Multiple Choice $4,644.5 $6,095.91 $5,805.63 $6,386.19