Future Value of an Annuity What is the future value of a $1,100 annuity payment over 9 years if the interest rates are 7 percent? Multiple Choice $13,175.79 $10,593.00 $10,120.48 $2,022.31 Present Value of an Annuity What is the present value of a $1,200 annuity payment over 6 years if interest rates are 12 percent? Multiple Choice $4,933.69 $607.96 $5,476.51 U $2,368.59 Present Value of a Perpetuity What's the present value, when interest rates are 6.70 percent, of a $120 payment made every year forever? Multiple Choice $1,791.04 $1,200.00 $8.04 O $804.00 Interest-on-Interest Consider a $2,600 deposit earning 5 percent interest per year for 8 years. How much total interest is earned on the original deposit (excluding interest earned on interest)? Multiple Choice $1,220.25 O $104.00 O $180.25 $1.040.00