For this question you need to use the Time Value Factors tables you've used throughout the class. Do not round the factors. Assume annual interest rates and annual compounding and choose the answer closest to your calculation. Erica Hidalgo borrowed $8,000 from the bank 5 years ago. Assuming the bank charges 4% interest, how much does Erica have to pay back today? $9, 600 $9, 733 $10, 112 $43, 331 $6, 575 For this question you need to use the Time Value Factors tables you've used throughout the class. Do not round the factors. Assume annual interest rates and annual compounding and choose the answer closest to your calculation. Kristi Collmer and Ray Bergeron each received signing bonuses from their accounting firms today. Kristi received $5,000 immediately. Ray will receive $1, 500 at the end of each year for the next 4 years. Assuming a 10^interest rate, who got the better deal and by how much (in today's dollars)? Kristi, by $1,002 Ray, by $ 1, 400 Kristi, by $245 ray, by $1,000 Ray, by $1, 962 For this question you need to use the Time Value Factors tables you've used throughout the class. Do not round the factors. Assume annual interest rates and annual compounding and choose the answer closest to your calculation. Phil Silva bought a Harley today for 4 annual payments of $3,000 each. The payments were computed to provide the dealer with 6% interest. What was the purchase price of the Harley? $11, 280 $13, 124 $10, 870 $12, 720 $10, 395