Finance 381 Time Value of Money Questions 1. What is the present value of a seven-year $100,000 annuity due if the annual opportunity cost is 7%? 2. I have $10,000 right now. I need $14,000 at the end of year 4. What interest rate must I receive to turn $10,000 into $14,000? 3. If I invest $1,000 at the end of each year every year for the next seven years in an account paying 4% annual interest, how much will I receive at the end of 7 years? 4. If I invest $1,000 at the beginning of each year every year for the next seven years in an account paying 4% annual interest, how much will I receive at the end of 7 years? 5. I want to borrow $35,000 for 5 years to buy a new car. If the APR is 5%, calculate my monthly payment. 6. In how many years will my savings triple if I can earn 4% annual interest