66. Present Value of a PerpetuityA perpetuity pays $100 per year and interest rates are 6.5 percent. How much would its value change if interest rates increased to 9 percent? A. $250.00 increaseB. $250.00 decreaseC. $427.35 increaseD. $427.35 decrease

67. Present Value of a PerpetuityA perpetuity pays $50 per year and interest rates are 9 percent. How much would its value change if interest rates decreased to 6 percent?

68. Future and Present Value of an Annuity DueIf you start making $100 monthly contributions today and continue them for 5 years, what's their future value if the compounding rate is 10 percent APR? What is the present value of this annuity?

69. Future and Present Value of an Annuity DueIf you start making $25 monthly contributions today and continue them for 4 years, what's their future value if the compounding rate is 6 percent APR? What is the present value of this annuity?

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Chapter 05 - Time Value of Money 2: Analyzing Annuity Cash Flows70. Future and Present Value of an Annuity DueIf you start making $50 monthly contributions today and continue them for 4 years, what's their future value if the compounding rate is 8 percent APR? What is the present value of this annuity? A. $203.36, $198.02B. $1,352.45, $1,064.51C. $2,836.28, $2,061.75D. $2,171.02, $1,516.03

71. Future and Present Value of an Annuity DueIf you start making $75 monthly contributions today and continue them for 5 years, what's their future value if the compounding rate is 4 percent APR? What is the present value of this annuity?

72. Compound FrequencyPayday loans are very short-term loans that charge very high interest rates. You can borrow $300 today and repay $360 in two weeks. What is the compound annualrate implied by this 20 percent rate charged for only two weeks?

73. Compound FrequencyPayday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $550 in two weeks. What is the compound annualrate implied by this 10 percent rate charged for only two weeks?

Chapter 05 - Time Value of Money 2: Analyzing Annuity Cash Flows74. Compound FrequencyPayday loans are very short-term loans that charge very high interest rates. You can borrow $600 today and repay $675 in two weeks. What is the compound annualrate implied by this 12.5 percent rate charged for only two weeks? A. 12.89%B. 13.28%C. 2037.71%D. 113.28%