look at photo questions 5.1-5.4

5-1 What is an opportunity cost? How is this concept used in TVM analysis, and where is it shown on a time line? Is a single number used in all situations? Explain. 5-2 Explain whether the following statement is true or false: $100 a year for 10 years is an annuity; but $100 in Year 1, $200 in Year 2, and $400 in Years 3 through 10 does not constitute an annuity. However, the second series contains an annuity. 5-3 If a firm's earnings per share grew from $1 to $2 over a 10-year period, the total growth would be 100%, but the annual growth rate would be less than 10%. True or false? Explain. (Hint: If you aren't sure, plug in some numbers and check it out.) 5-4 Would you rather have a savings account that pays 5% interest compounded semiannually or one that pays 5% interest compounded daily? Explain