Jean Autry secures an ordinary annuity of $1,000 payable monthly for 4 years. Find the capital sum required to fund the annuity. The interest rate is 1% per month.

Moon Ltd will pay dividends of $4.75, $5.25, $5.75, and $7 for the next four years. Thereafter, the company expects its growth rate to be at a constant rate of 7%. If the required rate of return is 15%, what is the current market price of the stock?

Rain Ltd will pay dividends of $3.50, $4.20, $5.70, and $7.50 for the next four years. Thereafter, the company expects its growth rate to be at a constant rate of 7%. If the required rate of return is 16%, what is the current market price of the stock?

Snow Ltd is a fast growth stock and expects to grow at a rate of 25% for the next four years. It then will settle to a constant-growth rate of 10%. The first dividend will be paid out in year 3 and will be equal to $5.00. If the required rate of return is 18%, what is the current price of the stock?

You purchase 800 shares of stock at a price of $20 per share. One year later the shares are selling for $23 per share. In addition, a dividend of $0.45 per share is paid at the end of each year. What is the total return for the investment?