1. You receive $100 for 3 years at an interest rate of 7%, what is the Present Value?
   1. $100
   2. $275.51
   3. $262.43
   4. $300
2. You receive $200 a year in years 6-10 at an interest rate of 10%. What would the PV of this cash stream be at time 0?
3. 1. $758.16
   2. $1000
   3. $470.76
   4. $620.92
4. You are currently 30 years old. You will receive $10,000 annually for the next 20 years. If the interest rate is 8%, what would the PV of these cash flows be?

1. $200,000
2. $10,000
3. $98,181.47
4. $9,937.73

1. You are currently 60 years old. You want to receive $10,000 annually beginning at the age of 60 for 20 years. If the interest rate is 8%, how much money must you have in your bank account today(present value)?
2. 1. $106,035.99
   2. $200,000
   3. $49,755.01
   4. $42,909.64