Question 5 (1 point) Find the future value of an initial $100 compounded annually for 7 years at 3%. $100.21 $122.99 $16.05 $81.31 Question 6 (1 point) Find the future value of an initial $450 compounded annually for 14 years at 9%. (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer A 10.0%, 3-year ordinary annuity pays $200.00 each year. What is the future value of the annuity? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer Question 8 (1 point) An investment is expected to result in equal payments of $300 at the end of each of the next 8 years (ordinary annuity). If the appropriate required rate of return (discount rate) is 4 %, what is the future value of the annuity stream? (annual compounding) $6,547.36 $2,403.36 $410.57 $2,764.27