Assuming an interest rate of 6.5 percent, what is the value of the following cash flows five years from today? Year Cash Flow 1 $ 3,590 2 $ 4,695 3 $ 5,680 4 $ 6,970

(A)$23,602.37

(B) $24,155.19

(C) $24,523.82

(D) $22,680.93

(E) $23,188.98

(2) Your sister just deposited $5,500 into an investment account. She believes that she will earn an annual return of 8.8 percent for the next 6 years. You believe that you will only be able to earn an annual return of 8 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 6 years?

(A) $176.84

(B) $708.94

(C) $249.02

(D) $232.42

(E) $265.62

(3)Thom owes $4,400 on his credit card. The credit card carries an APR of 17 percent compounded monthly. If Thom makes monthly payments of $110 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?

(A) 55.48 months

(B) 13.08 months

(C) 59.45 months

(D) 64.02 months

(E) 40.00 months

(4)Kasey Corp. has a bond outstanding with a coupon rate of 5.7 percent and semiannual payments. The bond has a yield to maturity of 6.3 percent, a par value of $1,000, and matures in 21 years. What is the quoted price of the bond?

(A) 158.95

(B)191.27

(C) 1,589.47

(D 188.05

(E) 1,878.06