Question 1 4 pts A famous athlete is awarded a $9 million contract that stipulates equal payments to be made monthly over a period of five years. To determine what such a contract is worth today, you would need to use: O present value factors of an annuity O present value factors future value factors future value factors of an annuity Question 2 4 pts The value of a savings or investment is its amount or value at the present time. O none of the above book future O present Question 3 4 pts You need to have $35,000 on hand to buy a new Lexus five years from today. To achieve that goal, you want to know how much you must invest today in a certificate of deposit guaranteed to return you 9% per year. To help determine what today's investment sum must be, you will use: O present value factors O present value factors of an annuity future value factors of an annuity O future value factors Question 4 4 pts Interest earned only on an investment's principal or original amount is referred to as: O annuity interest discount interest simple interest O compound interest