10.) Future Value=3000, Present Value=1000, interest rate=8%, Compoundings p.y =365, solve for Time.

11. If you have 75 payments of 50 dollars (annual payments) (10% Market interest rate), based on the method I taught you in class, what amount do you deduct from the value of a perpetuity in order to make it an annuity? 1.).5

2.)5

3.)50

Question 12 (5 points) If you have 75 payments of 50 dollars (annual payments) (10% Market interest rate), based on the method I taught you in class, what amount do you deduct from the value of a perpetuity in order to make it an annuity?

1.)1/2

2.) 2

3.) 50/9

4.)250/82

13.)If an Annuity pays 50$ per year for 30 years at a discount rate of 10%, what is PV? (closest answer)

1.)425

2.)450

3.)475

4.)500