You're trying to save to buy a new $220,000 Ferrari. You have $33,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car? Multiple Choice 38.88 years 38.63 years 39.13 years 36.88 years 39.38 years If you put up $26,000 today in exchange for a 7.50 percent, 10-year annuity, what will the annual cash flow be? Multiple Choice $2,600.00 $5,090.82 $3,787.83 $3,616.72 $3,962.60 You want to have $47,000 in your savings account 5 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.9 percent interest, what amount must you deposit each year? Multiple Choice $8,027.44 $3,713.02 $11,608.56 $9,400.00 $3,712.97 Prescott Bank offers you a $39,000, 6-year term loan at 7 percent annual interest. What will your annual loan payment be? Multiple Choice $6,971.27 $8,436.30 $8,182.04 $8,754.78 $7,931.14 What is the future value of $900 in 22 years assuming an interest rate of 7 percent compounded semiannually? Multiple Choice $1,028.26 $1,120.89 $4,089.01 $3,987.36 $3,884.56