Question: 4 . Erin currently has 4 4 , 0 0 0 in an account. She will deposit 1 0 , 0 0 0 every other

4. Erin currently has 44,000 in an account. She will deposit 10,000 every other year beginning next year and ending nine years from today. She will have _____ in her account 10 years from today. Assume the account pays 5% per annum.
a.132,836.93
b.134,516.04
c.135,004.15
d.136,094.72
e.138,904.83
5. You are offered a fixed annual payment of 275 starting one year from today and continuing yearly until forever. If the discount rate is 7% p.a., then the value today of these cash flows is ________.
a.3,671.43
b.3,756.43
c.3,885.71
d.3,928.57
e.4,071.43
6. You have invested your money into a project that will pay you 1,000 starting 5 years from today (t =5) and will continue to pay out until 20 years from today (t =20). If the interest rate is 6% p.a., then the value of your investment today (t=0) is ______.
a.7,206.80
b.7,516.26
c.8,004.82
d.8,493.01
Please show the all steps and formulas. Thank you so much!

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