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Im stuck with these questions, please help 1.) You want to start saving for retirement. If you deposit $2,000 at the end of each year

Im stuck with these questions, please help

1.) You want to start saving for retirement. If you deposit $2,000 at the end of each year for the next 60 years and earn an 11% annual rate of return on the investment, how much will you have when you retire if the above payments are made at the beginning of each year?

-$9,510,132

-$1,048,114

-$10,556,246

-$792,000

2.) To calculate the present value of an annuity due you would take the present value of an ordinary annuity answer and _____ and to calculate the future value of an annuity due you would take the future value of an ordinary annuity answer and _____.

-multiply by (1+k); divide by (1+k)

-multiply by k; divide by k

-multiply by (1+k); multiply by (1+k)

-divide by (1+k); multiply by (1+k)

3.)The present value interest factor for a single dollar amount is:

-discount rate used in present value cash flow calculations

-1/(1 + k)n

-1/(1 + k)n times the future value

-(1 + k)n

4.) The future value interest factor for a single dollar amount is:

-1/(1 + k)n

-discount rate used in future value cash flow calculations

-(1 + k)n times the present value

-(1 + k)n

5.)If you (1) decrease your required return and (2) decrease the number of periods, what effect would this have on your calculation of the present value of a given dollar amount?

(1)increase; (2)decrease

(1)decrease; (2)increase

(1)decrease; (2)decrease

(1)increase; (2)increase

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