rge Simpson has $10,000 invested in an FDIC-insured bank that pays 2.6% annually. Homer is anxious about the investment because he wants to make sure there is enough money to pay for Lisa's tuition. How long will it take for Marge's savings to triple? (Please round your answer (to the nearest year). a 29 36 h PV- 10.0oo 2,60 C 43 d. 57 64 e. You want to go to Europe five years from now, and you can save $3,700 per year, beginning one year from today. You plan to deposit the funds in a large-cap stock Index mutual fund that you forecast to provide a return 8.8 % per year , while invested. Under these conditions, how much would you have in total savings- just after you make the fifth deposit-five years from now? a. $18,369 $19.287 $20,251 $21,264 $22,055 b. d. e. What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%7 $16,576 $17,449 $18,367 $19,334 $20,352 a. b. C. d. e. You are seeking a fixed-payment investment and find an issue of preferred stock of Con Ed that pays $250 per year. If the appropriate interest rate on similar investments is currently S % , what is the value of the Con Ed preferred stock? $4,250 $4,500 $4,750 $5,000 $5,250 a. b. c. d. uppose you just won the state lottery, and you have a choice between receiving ,550,000 today; or a 20-year annuity of $250,000, with the first payment coming e year from today. What rate of return is built into the annuity? 6.12% 6.49% 6.92% 7.12% 7.49%