What is the present value of the following cash-flow stream if the interest rate is 6%? You receive 500 at the end of first year, 700 at the end of second year, and 940 at the end of third year. (6% is annual interest rate and given annual compounding) (Please round your answer to the nearest whole number] Multiple Choice $1777 $1884 $2019 $1857 Help Save & Exit Submit Charlie Stone wants to retire in 32 years, and he wants to have an annuity of $2400 a year for 17 years after retirement. Charlie wants to receive the first annuity payment at the end of the 32th year. Using an interest rate of 12%, how much must Charlie invest today in order to have his retirement annuity? Multiple Choice $483.77 $560.15 $509.23 $454.67 Save & Exit Submit How much more is a perpetuity of $600 worth than an annuity of the same amount for 32 years? Assume an annual interest rate of 6% and cash flows at the end of each period. Given annual compounding. Multiple Choice $1,596.06 $1,549.57 O $1,704.53 $1,472.09