What is the PV of an annuity with 120 payments of $1,000 if the appropriate interest rate is 4%?

		$9.04
		$24,774.09
		$115,384.62
		$2,741,564.01

5 points

QUESTION 25

You plan on saving $5,000 a year at the end of each year and expect to earn an annual rate of 10 percent. How much will you have in your account at the end of 10 years?

		$12,968.72
		$30,722.84
		$55,000.00
		$79,687.12