What is the value today of receiving $5,000 at the end of each year for the next 10 years, assuming an interest rate of 12% compounded annually? FV of Annuity, N=10, I-12%, is 17.54874 FV of $1, N=10,1-12%, is 3.10585 PV of $1. N=10, 1-12%, is 0.32197 PV of Annuity, N=10,1-12%, is 5 65022 A) 587.744 B) $28,251 C) $50,000 D) $15.529 George Jones is planning on a cruise for his 70th birthday party. He wants to know how much he should set aside at the end of each month at 6% interest to accumulate the sum of $4,800 in five years. He should use a table for the: A) Future value of $1. B) Present value of $1. C) Future value of an annuity of $1. D) Present value of an annuity of $1. George Jones is planning on a cruise for his 70th birthday party. He wants to know how much he should set aside at the end of each month at 6% interest to accumulate the sum of $4,800 in five years. He should use a table for the A) Future value of $1. B) Present value of $1. C) Future value of an annuity of $1. D) Present value of an annuity of $1. How much will $25,000 grow to in seven years, assuming an interest rate of 12% compounded annually? FV of Annuity, N=7,1-12%, is 10.08901 FV of $1. N-7. l-12%, is 2.21068 PV of $1. N=7. l-12%. Is 0.45235 PV of Annuity, N-7, 1-12%, is 4.56376 A) $55.267. B) $46,000 C) $61.899. D) $52.344 The price of a bond is equivalent to: 1. Face value 11. Interest payments discounted to the present III. The amortization amount of a bond IV. The present value of the principal payment A) I + 111 B)1-111 C) IV Di +11