Problems (4 pts): 7.(a) Which would you prefer, an ordinary annuity that pays $500 for four years at a rate of 4.8% or an annuity due of $475 that pays a fate of 4.95% for four years? (b) Assume I have an investment that will pay me $100 every month for 5 years and then $5,000 at the end. If I pay $4,800 for it today, what is my rate of return? 8.(a) (1 point) Assume you are planning for retirement. Your salary is $50,000, you are 22 years old, you plan to contribute 15% of your income each year to retirement, which will occur at age 65 , and you expect to earn 8.2% a year on your money. How much will you have at retirement? (c)(2 points) Now assume that you can actually earn 5% on your money in retirement, how much more or less than $1,000,000 can you leave your heirs? 9. Proctor and Gamble has an expected return of 7.3% and a standard deviation of 5.48%. Given the following information for Meta, which stock would you choose and why if we assume they have equal betas