Find the present value of $4,160 discounted for 8 years at 5%. Assume annual compounding. (round to the nearest whole dollar)

Consider a perpetuity with the first cash flow at the end of year 1. If the invested funds of the perpetuity could earn 8% per year and the perpetuity paid $814 per year, what is the present value of the perpetuity? (round to the nearest dollar)

Find the future value of an ordinary annuity that pays $600 per year for 4 years at 5%. Compounding occurs once a year.

		$3,249.79
		$729.30
		$3,316.49
		$2,586.08
		$2,127.57

All else equal, less frequent compounding results in which of the following?

		larger number of periods per year
		lower present values
		lower effective annual rates
		higher future values

You have an investment account that is starting with $1200. You would like the account to grow to $7500, and you can earn 6% interest annually. Assume you make no additional contributions to the account. Assume an annually compounded interest rate. How many years will you need to wait? (round to two decimals)

		32.99 years
		8.07 years
		29.78 years
		5.47 years
		31.45 years

What is the present value of an ordinary annuity that pays $550 per year for 10 years at 4%? Assume annual compounding (round to the nearest dollar)

		$4,461
		$4,569
		$814
		$5,500
		$372