The discount rate is 10 percent. You will be receiving 100.00 per year, forever. What is the present value?

a) Not enough information to solve

b) Infinite

c) 1,000.00

d) 10,000.00

Given an EAR of 8.9 percent and compounding period of semi-annual, calculate the APR.

a) 8.527%

b) 8.710%

c) 8.900%

d) 9.098%

Given an APR of 8.5 percent and compounding period of quarterly, calculate the EAR.

a) 8.159%

b) 8.775%

c) 8.242%

d) 8.500%