Dr. J. wants to buy a Dell computer which will cost $2,800 two years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 6% annual return. How much should he set aside? Use Appendix C. (Round "FV Factor" to 3 decimal places and your final answer to 2 decimal places.)

$1,359.22

$1,409.22

$1,334.22

$1,459.22

Mike Carlson will receive $29,000 a year from the end of the third year to the end of the 20^th year (18 payments). The discount rate is 9%. The present value today of this deferred annuity is: Use Appendix B and Appendix D. (Round "PV Factor" to 3 decimal places.)

$213,804

$228,532

$195,080

$208,274

You will deposit $8,000 today. It will grow for 7 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 5 years. The annual interest rate is 8%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.)

$3,967

$7,214

$5,222

$2,700

Carol Thomas will pay out $16,000 at the end of the year 2, $18,000 at the end of year 3, and receive $20,000 at the end of year 4. With an interest rate of 14 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.)

$24,454.

$36,294.

$ 15,828.

$ 12,614.