urgenttt plzz mcqs

2 What is the present value of $500 per year, discounted at 9% annually? Round your answer to the nearest dollar. Select one: 0. a. $20,000 O b. $5,556 O c. $6,875 O d. $3,333 You have the choice of two annuities of equal risk, or the same discount rate. Each annuity pays $5,000 per year for 8 years. One is an annuity due, which pays at the beginning of each year, while the other is an ordinary annuity, which pays at the end of each year. If you are going to be receiving the annuity payments, which annuity would you choose to maximize your wealth? Select one: O a. Since we do not know the interest rate, we cannot find the value of the annuities and hence we cannot tell which one is better. O b. ordinary annuity c. either one because they have the same present value O d. annuity due Ina owns an ANNUITY DUE contract that will pay her $3,000 per year for 12 years. Ina needs money to pay back a loan in 5 years. But she is afraid that, if she gets the promised payments annually, she will spend the money and not be able to pay back her loan. Ina decides to sell her annuity for a lump sum of cash to be paid to her 5 years from today. If the interest rate is 8%, what is the equivalent value of this 12-year annuity, if paid in one lump sum 5 years from today? Round your answer to the nearest dollar. Select one: O. a. $18,000 O b. $38,880 O c. $22,008 O d. $35,876