Question 1 (10 points) Calculate the Present Value of a 19 year growing annuity due considering the following information. The initial Cash Flow is $700 The annual interest rate is 14% The annual growth rate is 6% Cash flows will occur monthly. Round your answer to the nearest dollar. Do NOT use a dollar sign. Your Answer: Answer Question 4 (10 points) Calculate the Future Value of a 25 year growing annuity considering the following information. The initial Cash Flow is $800 The annual interest rate is 12% The annual growth rate is 5% Cash flows will occur annually. Round your answer to the nearest dollar. Do NOT use a dollar sign. Your Answer: Answer Question 6 (10 points) Mark has a credit card balance of $25,000. The annual interest rate is 17%. He is required to pay a minimum of 3.5% of the outstanding balance, but never less than $25. If Mark wants to pay off the balance in 7 years, how much extra must he pay every month? 105.69 145.48 25.00 201.43