i Question 1 1 pts A perpetuity is defined as a sequence of: (O Equal cash flows occurring at equal intervals of time for a specific number of periods (O Equal cash flows occurring at equal intervals of time forever (O Unequal cash flows occurring at equal intervals of time forever (O Unequal cash flows occurring at equal intervals of time for a specific number of periods Question 2 1 pts Which of the following is generally considered an example of a perpetuity? (O Interest payments in government bonds (O Interest payments on a 30-year bond () Interest payments on a consol (O Interest payments on a 10-year bond | Question 3 1 pts An annuity is defined as a set of: (O Unequal cash flows occurring at equal intervals of time for a specified period. (O Unequal cash flows occurring at equal intervals of time forever. (O Equal cash flows occurring at equal intervals of time forever. (O Equal cash flows occurring at equal intervals of time for a specified period. Question 4 1 pts What is the value, 22 years in the future, of $6,589 invested to earn an annual return of 4.1%? Enter your answer rounded to the nearest second decimal place. For example, enter $123.456 as $123.46. Question 5 1 pts Let's say you invest $1,679 today into an asset which you expect to generate an annual return of 8.7% for as long as you hold the asset. How many years will it take for your asset to reach a value of $5,313? Round your answer to the nearest second decimal place. For example, enter 12.345 years as 12.35. Question 6 1 pts What is the present value of $369,512 received 7 years from now if your annual required return is 6.5%? Enter your answer rounded to the nearest second decimal place. For example, enter $123.456 as 123.46 Question 7 1 pts Your client, Lillian Alsop, is seeking advice for how to create a scholarship fund for graduate business students. She would like the scholarship to provide $33,615 at the end of each year in perpetuity. If the fund's assets are invested to earn an annual return of 8.1%, then how much does Lillian need to donate and invest in order to establish the fund? Enter your answer rounded to the nearest whole dollar. For example, enter $1234.56 as 1235. Question 8 1 pts An asset is expected to a growing stream of cash flows in perpetuity. The first cash flow of $26.67 will be received exactly one year from now. After that, cash flows will grow at a constant rate of 1.2% each year in perpetuity. If investors require an annual return of 8.57% on their investment, then what is the value of the asset? Enter your answer rounded to the nearest second decimal place. For example, enter $12.345 as 12.35. Question 9 1 pts Imagine you take out a loan for $42,029 with an annual percentage rate (APR) of 12% compounded monthly. If your loan is to be repaid in equal monthly payments over the next 5 years, then what will be your monthly payment? Enter your answer rounded to the nearest second decimal place. For example, enter $123.456 as 123.46. Question 10 1 pts You are helping a client, Lucy Pevensie, with some retirement planning. Lucy has determined that she would like to retire in 28 years, and she estimates that she will need to have saved $2,074,230 by the time she retires. She currently has not started saving for this goal and she needs your help determining how much to save and invest each month from now until the time she retires. If she invests her fund to earn an effective annual return of 7.8%, then how much does she need to save each month to meet her goal by the time she retires? Enter your answer rounded to the nearest second decimal place. For example, enter $123.456 as 123.46