You just paid $905 for a security that claims it will pay you $1, 925 in 6 years. What is your annual rate of return? That is, at what rate are you discounting cash flows? 13.40% 14.08% 13.21% 12.99% 14.31% What is the future value of $9, 500 in 8 years? Use a nominal rate (monthly compounding) of 8.25%. $19, 273 $19, 948 $18, 339 $19, 651 $16, 991 What is the future value of an annuity due that pays $800 per year for 15 years? Use an annual effective interest rate of 9.50%. $24, 432 $27, 501 $26, 238 $26, 753 $24, 988