E. None of the above 14. All else equal, if you deposit a certain amount money today, say, $500, for ten (10) years, the future value of that amount will be highest if the interest earned on such investments is compounded A. daily B. weekly C. monthly D. quarterly E. Annually 13. You are comparing two annuities which offer monthly payments for ten years. Both annuities are identical with the exception of the payment dates. Annuity A pays on the first of each month while annuity B pays on the last day of each month. Which one of the following statements is correct concerning these two annuities? . Both annuities are of equal value today. B. Annuity A has a higher future value than annuity B. C. Annuity B has a higher present value than annuity A. D Both annuities have the same future value as of ten years from today. E. Both annuities have the same present value. 14. What is the amount of each annuity payment for a 5-year $1,000 loan if the interest rate is 10 percent? (Assume the first payment will be made a year from today) A. $240.42 B. $263.80 c. $300.20 D. - $315.38 $346.87 15. What is the present value of the following payment stream, discounted at 7% annually: $1,00 the end of year 1, $2,000 at the end of year 2, and $3,000 at the end of year 3? A. $5,082.19 B. $5,130.35 C. $5,523.87 D. $5,529.90 E. None of the above