You want to go to Europe 5 years from now, and you can save $3,900 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? Select one: a. $27,244.86 b. $22,741.58 c. $19,364.12 d. $22,516.42 e. $23,108.95 You have an opportunity to invest $1000 today to acquire an asset which will generate $300 in income 10 years from today and which can be sold for $3500 at that time. What level of the market interest rate would make this investment attractive to you? Please round your answer to a two-decimal number. No percentage sign (%). Answer: What is the PV of an ordinary annuity with 15 payments of $16,200 if the appropriate interest rate is 4.5%? Select one: a. $181,785.27 b. $173,980.64 c. $163,294.68 d. $156,182.92