You expect to receive $5,000 in 10 years. How much is it worth today if the discount rate is 4% ? 1998 3885 2157 3378 2777 What's the future value of $12,200 after 4 years if the appropriate interest rate is 6%, compounded monthly? $16,600$13,300$14,400$17,700$15,500 Question 8 ( 1 point) What is the PV of an ordinary annuity with 15 payments of $3,200 if the appropriate interest rate is 7% ? $27,449$25,367$21,576$29,145$23,334 An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of $60,000 per year for 25 years, beginning a year from today. The going rate on such annuities is 6.75%. How much would it cost him to buy such an annuity today? $715,249 $732,924 $667,214 $615,442 $700,575 Question 10 (1 point) What's the present value of a 10-year ordinary annuity of $5,000 per year plus an additional $10,000 at the end of Year 10 if the interest rate is 2.25% ? $58,509 $44,957 $47,428 $52,336 $49,924