Carol Thomas will pay out $18,000 at the end of the year 2, $20,000 at the end of year 3, and receive $22,000 at the end of year 4. With an interest rate of 11 percent, what is the net value of the payments vs. receipts in today's dollars? Use Appendix B. (Round "PV Factor" to 3 decimal places.)

$ 17,952.

$29,236.

$ 14,738.

$43,734.

Mr. Nailor invests $12,000 in a money market account at his local bank. He receives annual interest of 12% for 11 years. How much return will his investment earn during this time period? Use Appendix A. (Round "FV Factor" to 3 decimal places.)

$29,748

$41,748

$3,444

$39,432

Juan Garza invested $121,000 10 years ago at 8 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Ambrin Corp. expects to receive $8,000 per year for 13 years and $9,500 per year for the next 13 years. What is the present value of this 26 year cash flow? Use an 10% discount rate. Use Appendix D. (Round "PV Factor" to 3 decimal places. Round your intermediate calculations to the nearest dollar value.)

$76,393

$124,303

$87,048

none of these

You invest a single amount of $16,500 for 6 years at 13 percent. At the end of 6 years you take the proceeds and invest them for 12 years at 15 percent.

How much will you have after 18 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)