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Question 10 1 pts What is the future value of a five-year ordinary annuity of $1,000 per year if the interest rate is 4.88%? Hint:

Question 10 1 pts What is the future value of a five-year ordinary annuity of $1,000 per year if the interest rate is 4.88%? Hint: solve for year 5. Question 11 1 pts What is the present value of a perpetuity that offers to pay $100 next year and every year after the payment grows at 3.2%. Investments with similar risk are offering an 8% annual return. Question 12 1 pts Your bank is offering a certificate of deposit with an APR of 3.68% compounded monthly. What is the effective annual rate

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