Suppose a friend wants to borrow $1,000 today and promises to repay you $1,082 two years from now. What is the annual interest rate you would be agreeing to? Group of answer choices 6% 3.5% 4% 5% Which factor would be greater the present value of $2 for 7 periods at 10% per period or the future value of $2 for 7 periods at 10% per period? Group of answer choices Future value of $2 for 7 periods at 10% per period. Need more information. Present value of $2 for 7 periods at 10% per period. The factors are the same. A series of equal receipts at equal intervals of time when each receipt is received at the beginning of each time period is called an Group of answer choices ordinary annuity. unearned receipt. annuity in arrears. annuity due An amount is deposited for six years at 10%. If compounding occurs quarterly, then the table value is found at Group of answer choices 10% for six periods. 2.5% for 24periods. 10% for 24 periods. 5% for 12 periods. If an annuity due and an ordinary annuity have the same number of equal payments and the same interest rates, then Group of answer choices the present value of the annuity due is greater than the present value of the ordinary annuity. the future value of the annuity due is equal to the future value of the ordinary annuity. the present value of the annuity due is less than the present value of the ordinary annuity. the future value of the annuity due is less than the future value of the ordinary annuity