You will receive $3,000 a year, for fifteen years at an opportunity cost of 6%. What is the PVAF?

A. $29,136.747 B. $69,827.91 C. 0.943 D. 9.712

You invest in annuity paying $4,000 a year, to receive $250,000 in twenty years. What rate of return will you have earned?

A. 10.766% B. 9.037% C. 62.5% D. Cannot compute

Zana has a money market account that earns 1.2% interest. She wants to purchase a matched pair of French Bull Dogs for $3,600. How much must she set aside (invest) monthly so that she can buy them in two years?

A. $133.465 B. $169.465 C. $150 D. $149.173