A contract specifies that you will receive $1400 in one year, $1800 in two years, and annual payments that continue to grow at a 2% rate forever. If the appropriate discount rate is 6.5%, what is the value of this contract?

Group of answer choices

$22,222

$24,342

$28,480

$32,840

$38,873

You want $6,000 per month in your retirement. You expect to retire 40 years from today. At the time you retire, you want the payments to be at the beginning of the month and want them to last 30 years or 360 months. You expect an annual interest rate of 5% during retirement. You need to save to obtain this retirement. How much per month at the end of each month do you need to save for the next 480 months in order to obtain the money needed for retirement? During your saving period you expect to earn 8% annually. Select the best answer.

Group of answer choices

$268 per month

$321 per month

$817 per month

$1,242 per month

$1,561 per month

What is the present value of $1,800 per year, at a discount rate of 14 percent if the first payment is received 6 years from now and the last payment is received 30 years from now?

Group of answer choices

$6,199.74

$6,238.87

$6,333.33

$6,425.25

$6,511.08

Work does not need to be shown.