Problem 2 (22 points, 12 minutes) These problems are independent. 1. Given an interest rate of 9 percent per year, what is the value at date 1 = 8 of a perpetuity of $1,900 payments with the first payment at date 1 = 15? (8 points) 2- You plan to save $6,200 per year for the next 10 years. After the last deposit, you will keep the money in the account for 2 more years. The account will earn an interest rate of 6 percent. How much will there be in the account 12 years from today? (8 points) 3- Calculate the FV at the end of year 5 of a lump sum of $50 received today to be compounded monthly if the interest rate is 12%. (6 points) Page 3 of 5 BAF 311- Exam II-Fall 2021 Problem 2 (22 points, 12 minutes) These problems are independent. 1. Given an interest rate of 9 percent per year, what is the value at date 1 = 8 of a perpetuity of $1,900 payments with the first payment at date 1 = 15? (8 points) 2- You plan to save $6,200 per year for the next 10 years. After the last deposit, you will keep the money in the account for 2 more years. The account will earn an interest rate of 6 percent. How much will there be in the account 12 years from today? (8 points) 3- Calculate the FV at the end of year 5 of a lump sum of $50 received today to be compounded monthly if the interest rate is 12%. (6 points) Page 3 of 5 BAF 311- Exam II-Fall 2021