Marshall has received an inheritance and wants to invest a sum of money today that will yield $4,500 at the end of each of the next 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

• $45,000.00

• $42,750.00

• $40,612.50

• $90,000.00

• Hao made a single investment which, after 4 years invested at 14% compounded semiannually, has accumulated to $215,900. How much did Hao invest initially? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

  Multiple Choice

• $125,654

• $210,941

• $28,955

• $161,013

• $215,899

• Jessica received a gift of $7,600 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Jessica's investment be at the end of 5 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

  Multiple Choice

• $10,640.00

• $12,379.64

• $8,360.00

• $9,500.00

• $11,400.00

• Cody invests $3,300 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation?

  Multiple Choice

• $14,277.12

• $13,728.00

• $12,672.00

• $13,200.00

• $14,013.45