You will receive $2,000 on January 1st 2004, on January 1st in 2005 and January 1st 2006. Which of the following expressions will calculate your value at time of January 1st 2006? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a PV = $2,000[1.06)^-1 + $2,000[1.06]^_2 + $2,000[1.06)^-3 b PV = $2,000[1.06]^1 + $2,000[1.06)^2 + $2,000[1.06]^3 n PV = $2,000[1.06]^O + $2,000[1.06]^1 + $2,000[1.06]^2 d PV = $2,000 + $2,000[1.06]^-1 + $2,000[1.06]^-2 What is the value of $300 received at the beginning of each year for five years at time point 17 Assume that the first payment is not received until the beginning of the third year (thus the last payment is received at the beginning of the seventh year). Use a 10% annual effective interest rate, and round your answer to the nearest $1.00. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $1,137 b $854 $940 d $1,034 What is the present value of $300 received at the beginning of each year for five years? Assume that the first payment is not received untit the beginning of the third year (thus the last payment is received at the beginning of the seventh year). Use a 10% annual effective interest rate, and round your answer to the nearest $1.00. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $1,137 b $854 $940 d $1,034 Consider the following cash flows: Date Cash Received Amount of Cash 1/1/17 $100 1/1/18 $100 1/1/19 $500 1/1/20 $100 What is the value on 1/1/16 of the above cash flows? Use an 8% discount rate, and round your answer to the nearest $1.00. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $649 b $601 $740 $800 Recently you borrowed money for a new car. The loan amount is $15,000 to be paid back in equal annual payments which begin today, and will continue to be payable at the beginning of each year for a total of five years. Interest on the loan is 8%. What is the amount of the loan payment? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $3,756.85 b $4,200.00 $3,478.31 d $3,000.00