You invest $11,237 in an annuity contract that earns 6% interest, compounded annually. You are to receive annual payments for the next ten years. How much will each of the payments be? ( Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1 .) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice $976 $986 $1,124 $1,527 You will need at least $5,800 in four years and your friend says she can either loan you $5,800 all at once four years from now or she can deposit $1,450 in your savings account at the end of each year for the next four years. Your savings account earns 10% interest, compounded annually. Which option would be worth more to you four years from now, and how much more? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice The $5,800 in four years will be worth $737 more than the annual deposits. The annual deposits will be worth $737 more than the $5,800 in four years. The annual deposits will be worth $929 more than the $5,800 in four years. The $5,800 in four years will be worth $929 more than the annual deposits