value: 10.00 points In January 2007, the average price of an asset was $27,858.9 years earlier, the average price was $22,108. What was the annual increase in selling price? 2.34% 0 -2.54% 2.60% 3.12% 2.86% value: 10.00 points You're trying to save to buy a new $160,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car? 33.24 years 30.99 years 33.49 years O O 32.74 years O 32.99 years 3. value: 10.00 points Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 24 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 6.5 percent, what is the present value of this liability? $172,951,955 $162,363,060 $180,011,219 $197,628,254 $176,481,587 4. value: 10.00 points You have just received notification that you have won the $3.0 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. What is the present value of your windfall if the appropriate discount rate is 11 percent? $11,374.50 $3,060.59 $2,999.37 $2,815.74 $3,121.80 5. value: 10.00 points Your coin collection contains 54 1946 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2041, assuming they appreciate at a 10 percent annual rate? $462,060.51 $438,957.48 $448,198.69 $42,927.92 O $471,301.72