Hey guys, I have 50 minutes to have this back. Thanks! Question 1.1.If we invest $800.00 at 7% interest compounded annually, what is our future value at the end of 5 years? (Points : 20)

$1,226.48 $1,122.04 $1,028.86 $1,144.02

Question 2.2.What is the present value of a 10-year $2,000 annuity discounted back to the present at 6 percent? (Points : 20)

$15,027.71 $14,720.17 $16,624.86 $13,624.87

Question 3.3.Assume you intend to invest $5,000 in your uncle's earthworm farm. He tells you that the investment will be worth $10,000 by the end of five years. What type of annual return is he promising? (Points : 20)

14.87% 15.98% 13.62% 12.50%

Question 4.4.Assume your parents deposited $4,000 in an account eight years ago and now that account has grown to be worth $6,872.74, what is the annual return they earned on that initial $4,000 investment? (Points : 20)

7% 8% 9% 6%

Question 5.5.What is the future value of an annuity in which you invest $500 per year at 6% for 20 years? (Points : 20)

$18,392.80 $14,884.36 $21,684.76 $18,293.08