You purchase a perpetuity for $16,667. If your required rate of return is 8% annually. what should your annual payments be?

Group of answer choices

$208,337.50

$1,667.36

$2,083.38

$1,333.36

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What amount must I deposit in the bank to receive $5,000 in ten years if my account pays 2.5% compounded Monthly?

Group of answer choices

$4,129.06

$3,895.02

$3,587.88

$3,354.98

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Today a loaf of bread costs $2.50. If inflation is expected to average 2% each year for the forseeable future, what will loaf of bread cost in 20 years?

Group of answer choices

$2.65

$3.72

$1.68

$2.41

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Pick the right answer