1. Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. 2. An ordinary annuity has an interest rate of 10% and a present value of 600.00. What would be the present value of this same annuity, if it were an annuity due instead of a regular annuity? The present value of this annuity due is $ ____ .

3. Assume you have a fixed rate loan that takes the form of an annuity. As the years go by, the interest portion of a loan payment on an amortization schedule

Group of answer choices

increase.

decrease.

may increase or decrease depending on the interest rate.

stay the same.

4. Which investment would you choose? Why? A B Nominal Rate 9.1% 9.0% EAR 9.31% 9.41% Periodic Rate 4.55% 0.17% Payment Frequency Twice a Year Weekly

Group of answer choices

A, because its Periodic Rate is higher.

B, because its Effective Annual Rate is higher.

A, because its Nominal Rate is higher.

A, because it pays interest more frequently.

5. When you compound an initial lump sum quarterly instead of monthly at he same nominal interest rate over the same five year period, what will happen to the future value? Same question in other words: What happens to the future value if you compound less frequently?

Group of answer choices

The future value will remain the same.

The future value will get larger.

The future value will get smaller.

Impossible to answer this question without more information