Round the answer to two decimal places.

1) What is the future value in 17 years of an ordinary annuity cash flow of $994 every quarter of a year at the end of the period, at an annual interest rate of 14.08 percent per year, compounded quarterly?

2) Big Brothers, Inc. borrows $242,533 from the bank at 7.02 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 4 years. How much will each annual payment be?

3) What is the accumulated sum of the following stream of payments?

$21,424 every year at the beginning of the year for 15 years, at 7.92 percent, compounded annually.

4)You have been offered the opportunity to invest in a project that will pay $5,941 per year at the end of years one through three and $5,230 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 11.76 percent per year. What is the future value of this cash flow pattern at the end of year five?

5) An investment will pay $1,330 two years from now, $4,440 four years from now, and $3,769 five years from now. If the opportunity rate is 8.30 percent per year, what is the present value of this investment?

6)What is the present value of a $814 perpetuity discounted back to the present at 10.82 percent.

7) To what amount will the following investment accumulate?

$9,649, invested today for 9 years at 6 percent, compounded annually.