Intro The annual interest rate is 5%. Part 1 1B - Attempt 1/5 for 5 pts. What is the present value (PV) of $1,000 that you'll receive in 14 years? + decimals Submit Intro You plan to graduate in 4 years, and then travel to Italy for 3 weeks. The trip will cost $1,400. Part 1 18 Attempt 1/5 for 5 pts. If you can earn an annual interest rate of 6%, how much do you have to save right now to have enough money for your trip? 0+ decimals Submit Part 2 IB Attempt 1/5 for 5 pts. Instead, the interest rate is 0.5% per month. How much do you need to save right now? 0+ decimals Submit Intro A riskless security costs $3,537 and will pay $3,700 in one year. Part 1 Attempt 1/5 for 5 pts. What is the risk-free interest rate in the absence of any arbitrage opportunity? + decimals Submit Intro You have $4,000 in your savings account, and want to buy a car for $20,000. Part 1 - Attempt 1/5 for 5 pts. If you are not earning any more money and the interest rate on your savings account is 8% per year, how many years do you have to wait before you can buy the car? 11+ decimals Submit