5. An interest rate of 6% APR, compounded monthly, is assumed. What is (rounded down to the nearest dollar) the present value of a generalized ordinary annuity of $500 paid at the end of each month for one year and then $350 paid at the end of each month for three years after that ? (C) 20,216 (D) 21,124 (E) 19,985 (A) 20,784 (B) 21,738 (F) None of (A) - (E) 13. The maximum compound interest (expressed as a percentage of a principal, rounded down to one decimal place) that we can earn with 4% APR over 10 years is (A) 48.6 (B) 47.3 (C) 49.1 (D) 50.8 (E) A number not in (A) - (D) (F) We cannot answer the question because there is no principal or compounding frequency given. 5. An interest rate of 6% APR, compounded monthly, is assumed. What is (rounded down to the nearest dollar) the present value of a generalized ordinary annuity of $500 paid at the end of each month for one year and then $350 paid at the end of each month for three years after that ? (C) 20,216 (D) 21,124 (E) 19,985 (A) 20,784 (B) 21,738 (F) None of (A) - (E) 13. The maximum compound interest (expressed as a percentage of a principal, rounded down to one decimal place) that we can earn with 4% APR over 10 years is (A) 48.6 (B) 47.3 (C) 49.1 (D) 50.8 (E) A number not in (A) - (D) (F) We cannot answer the question because there is no principal or compounding frequency given