Question 3 (3.3 points) What is the present value of a $400 annuity payment each year over 6 years if the annual interest rate is 8%? A) $1,849.15 B) $1,996.36 C) $1,516.31 D) $1,684.95 Question 4 (3.3 points) Tricia is considering whether to invest at age 35 $1,000 that earns 7% each year, or to invest at age 50 $2,000 that also earns 7% each year. Tricia would have more money at age 65 if she invests at age ___because of A) 50; the dollar amount invested B) 35; the dollar amount invested C) 50; compounding D) 35; compounding Question 5 (3.3 points) If a $5,000 investment made at the end of year 3 grows to $7,013 by the end of year 8, we know that this investment has an annual rate of return of A) 9% B) 8% C) 7% D) 6% Question 6 (3.3 points) If the annual interest rate is 4%, the present value of a perpetuity that pays $125 per year would be A) $1,750 OB) $2,750 C) $2,125 D) $3,125