What is the present value of the following set of cash flows at an interest rate of 8% p.a. compounded annually? End of Year 1 $1,150 End of Year 2 $2,300 End of Year 3 $5,100 Select one: a. $7,805.23 O b. $8,550.00 c. $7.401.20 d. $7,085.23 What is the future value at the end of year three of the following set of cash flows at an interest rate of 10% p.a. compounded annually? End of Year 1 $5,100 End of Year 2 $2,300 End of Year 3 $1,150 Select one: a. $9,851 b. $9,581 C. $9,966 d. $8,550 If you invested $10,000 for ten years at 6% p.a. compounded monthly, how much in total would you have after ten years? Select one: a. $24,616.44 O b. $17,908.48 O c. $18,193.97 O d. $18,391.79 If $2,000 is deposited at 11.5% p.a. for one year, what is the effective annual interest rate if interest is compounded fortnightly? Select one: a. 11.50% b. 12.61% c. 10.15% d. 12.16% Your cousin has promised you a large sum of money. He has offered you the following THREE choices: (i) Accept $120,000 today or, (ii) Accept 120,000 at the end of next year or, (iii) Accept $40,000 at the end of every year for the next 3 years. Assume the interest rate is 15% p.a. Which option would you select? Select one: a. No difference between the three options b. The $40,000 at the end of every year for 3 years c. $120,000 at the end of next year d. $120,000 today