Evaluations

Question $4$

$10$ pts

We Pay Insurance Company will pay you $$1,225$ each quarter for $29$ years. You want to earn a minimum interest rate of $\mathrm{.}90$ percent per quarter. What is the most you are willing to pay today for these payments?

$$87,536\mathrm{.}49$

$$248,718,84$

$$83,571\mathrm{.}27$

$$85,037,43$

$$87,969,76$

Question $5$

$10$ pts

What is the future value of $$3,025$ per year for $26$ years at an interest rate of $7\mathrm{.}05$ percent?