John is planning an overseas trip in 3 years. He wishes to save up $25,000 for histrip by investing in an annuity. He has chosen an account that pays 4% p.a.,compounded quarterly.1% 2% 3% 4% 8%3 3.0301 3.0604 3.0909 3.1216 3.24646 6.1520 6.3081 6.4684 6.6330 7.33599 9.3685 9.7546 10.1591 10.5828 12.487612 12.6825 13.4121 14.1920 15.0258 18.977118 19.6147 21.4123 23.4144 25.6454 37.450224 26.9735 30.4219 34.4265 39.0826 66.764830 34.7849 40.5681 47.5754 56.0849 113.283236 43.0769 51.9944 63.2759 77.5983 187.1021Interest RatePeriodFuture values of annuity of $1Use the table of future values of an annuity of $1 above to find the amount that heneeds to invest each quarter to achieve his goal.A $1971.22B $1663.80C $8008.71D $8250.55

Kevin has a client who wants to invest in an account that earns 3% interest, compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter.Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the tenth deposit is __________.

Tressor Company is considering a 5-year project. The company plans to invest $90,000 now, and it forecasts cash flows for each year of $27,000. The company requires that investments yield a discount rate of at least 14%. Selected factors for a present value of an annuity of $1 for five years are shown below: Interest rate Present value of an annuity of $1 factor for year 510% 3.790812% 3.604814% 3.4331Calculate the internal rate of return to determine whether it should accept this project.

Multiple Choice QuestionAn investment that costs $30,000 will produce annual cash flows of $10,000 for 4 years. Using a required return of 8%, the investment will generate (rounded to the nearest dollar) a:Present Value of 1RatePeriods7%8%9%40.76290.73500.7084Present Value of an Annuity of 1RatePeriods7%8%9%43.38723.31213.2397Multiple choice question.positive NPV of $33,121.positive NPV of $3,121.negative NPV of $31,121.negative NPV of $3,121.

Paula has a client who wants to invest into an account that earns 4% interest, compounded annually. The client opens the account with an initial deposit of $4,000, and deposits an additional $4,000 into the account each year thereafter.Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the eighth deposit is __________.a.)$188,247b.)$102,713c.)$36,857d.)$40,969

How much should Michelle have in a savings account that is earning 3.50% compounded quarterly, if he plans to withdraw $1,500 from this account at the end of every quarter for 5 years? Round to the nearest cent