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14.

Save Holland expects to receive $2000 at the end of each year for the next two years. Assuming an annual compound interest rate of 4%, what is the present value of these two annual payments? Present Value Interest Factors Period 296 496 696 896 10% 12% 15% 20% 19804 9615 9434 9259 9091 892986968333 2 9612 9246 8900 8573 8264 J972 7561 6944 3 9423 8890 8396 7938 7513 7118 6575 5787 9238 8548 7921 7350 68306355 57184823 5 9057 8319 7473 6806 6209 5674 4972 4019 6 8880 7903 7050 6302 5645 5066 4323 3349 78706 7599 5651 5835 .5132 4523 3759 2791 8 8535 7307 6274 5403 4665 4039 32692326 9 8363 7026 5919 5002 4241 3606 28431938 10 8203 6756 5584 4632 3855 3220 2472 .1615 11 .8043 6496 5268 .4289 .3505 287s 2149。1346 12 7885 6246 A970 3971 3186 2567 1869 1122 13 7730 6006 A688 3677 .2897 2292 1625 0935 14 7579 5775 4423 3405 2633 206 1413 0779 15 7430 5553 4173 3152 2394 1827 1229 0649 16 7284 5339 3936 2919 2176 163110690541 17 7142 5134 3714 2703 1978 1456 0929 0451 18 .7002 .4936 3503 .2502 .1799 .1300 D808 .0376 19 6864 4746 3305 23171635 1161 0703 .0313 20 6730 4564 3118 2145 1486 0037 01 0261 Select one: 2 a, $3770 O b. $3884 Oc. $3666 O d. $3564

16.

Ellen Reeves recently opened a savings account. If Ellen deposits $1000 and this amount compounded annually at 6%, how much will Ellen have at the end of five years (round your answer to the nearest dollar)? Cormpound Value Interest Factors Peried 2% 4% 6% 8% 10% 12% 15% 20% .0200 1.0400 10600 10800 1.1000 1.1200 1.1500 1.2000 2 10404 10816 1.1236 16640 12100 1.2544 1.3225 14400 3 10612 1.1249 1.1910 12597 13310 14049 15209 1.7280 4 10824 1.1699 12625 1.3605 1,4641 15735 1.7490 2.0736 5 1.1041 12167 13382 14693 1.6105 1.7623 20114 2.4883 6 1.1262 12653 14185 15869 1.7716 1.9738 2.3131 2.9860 7 1.1487 1.3159 1.5036 1.7138 1.9487 2.2107 26500 3.5832 8 1.1717 13686 15938 18509 2.1436 24760 3.0590 42998 9 1.1951 1.4233 1.6895 1.9990 23579 2.7731 3s179 sis98 10 1.219o 1.4802 1.7908 2.1589 2.5937 3.1058 40455 6.1917 111.2434 15395 18983 2.3316 2.8531 3478s 46524 74301 12 12682 16010 20122 25182 3.1384 38960 53502 89161 13 1.2936 16651 21329 2.7196 34523 43635 6.1528 10.6990 14 1.3195 1317 22609 29372 3.7975 4.8871 70757 128390 15 1.3459 18009 23955 31722 4.1772 s4736 81371 15.4070 16 13728 18730 25404 34259 45950 6.1304 93576 18.4880 17 14002 19479 26978 37000 5.0545 68660 10.7610 221860 18 14282 2.0258 28543 3.9960 55599 76900 123750 26.6230 19 14568 2.1068 30256 43157 6.1159 86128 14.2310 31.9480 20 1.4859 2.1911 32071 46610 6.7275 9,6463 163660 38.3370 Select one: O a $1338 O b. $1262 О с.$1191 O d. $1000

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Answer #1

Answer to Q#14 (First question in the list) Option-(a): $3770 Reason: Annuity received at the end of each 2 years sum of PV factor @ 4% for 2 years PV of these two annual receipts $2,000 1.8861 [0.96150.9246] $3,772 [S2,000 x 1.8861]

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