Page 1 $1,205 $1,060 $785 $953 What is the present value of receiving $697 a year for 6 years if you expect a rate of return of 7% a year? $2,092 $1,046 $2,190 $3,322 Use the table below to answer the following questions: I Present Value of an Present Value of 1 Annuity of 1 Period 5.00% 10.00% 5.00% 10.00% 0.9524 0.9091 0.9524 0.9091 0.9070 0.8264 i 1.8594 1.7355 0.8638 0.7513 2.7232 2.4869 0.8227 0.6830 i 3.5460 3.1699 0.7835 0.620914.3295 3.7908 0.7462 0.56455.0757 4.3553 Assumption: Required annual rate of return is 10%6. If an investment pays you $800 every 6 months for 2 years, what is its present value? $3,889 $2,553 $4,861 $2,837 Page 1 of 3 Page