Question
To match the given answer and receive credit, your answer should have a dollar sign and should be rounded to two decimal places with
To match the given answer and receive credit, your answer should have a dollar sign and should be rounded to two decimal places with the appropriate commas, like this: $1.213.47: $23,252.16: $523.825.82. Question 1 (1 point) Saved Listen What is the present value of $30,000 you will receive 7 years in the future, assuming a 3% interest rate? $30.900.00 Question 2 (1 point) Listen If you saved $5,000 per year (at the end of each year) for 10 years in an account with a 4% interest rate, how much money would you have in that account at the end of 10 years? Question 3 (1 point) Listen 4 Calculate the discount factor you would use to find the present value of an amount of money you will receive 8 years in the future, assuming a 3% interest rate. 0.5263 0.7894 2.2166 1.1289 Question 4 (1 point) Listen You are considering purchasing an annuity that would pay you $1,000 per year for 10 years. The interest rate is 5%. Out of the choices below, what would be an reasonable price to pay for that annuity? $9,100 $7,600 $10,000 $8.200
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