• • Question 8

    10 out of 10 points

    	Your grandmother invested in an annuity to help fund her retirement. She will receive monthly payments of $3,602 over 24 years and she will receive her first payment today. If the appropriate discount rate is 6%, how much is the the annuity worth today?

  • Question 9

    0 out of 10 points

    	Your best friend opened an investment account with a deposit of $158 today. They will continue to deposits every two weeks into an account that they hope will earn an interest rate of 8.87% per year. How much will they have in 17 years?

  • Question 10

    0 out of 10 points

    	You are selling some furniture and your friend has offered to give you $530 in the one year and $771 in the 3 years. If the relevant return is 6.26%, what is today's value of your friends offer?

  • Question 11

    2 out of 2 points

    	If annuity A has 30 payments of $500 at an interest rate of 10% and annuity B has 30 payments of $500 at an interest rate of 9%, which one has the higher present value?