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If a 5-year ordinary annuity has a present value of $1,000, and if the interest rate is 10 percent, what is the amount of each annuity payment? $240.42 $263.80 $300.20 $315.38 $346.87 you just put $1,000 in a book account that pays 6 percent nominal annual interest, compounded monthly. How much will you have in your account after 3 years? $1,006.00 $1,056.45 $1,180.32 $1,191.00 $1,196.68 If $100 is placed in an account that earns a normal 4 percent, compounded quarterly, what will it be worth in 5 years? $122.02 $105.10 $135.41 $120.90 $117.98