Multiple choice

1. If the five-year present value annuity factor is 3.60478 and four-year present value annuity factor is 3.03735, what is the present value at the $1 received at the end of five years?  

a. $0.63552 

b. $1.76233 

c. $0.56743 

d. None of the above 

2. What is the present value annuity factor at a discount rate of 11% for 8 years?  

a. 5.7122 

b. 11.8594 

c. 5.1461 

d. None of the above 

3. What is the present value annuity factor at an interest rate of 9% for 6 years?  

a. 7.5233 

b. 4.4859 

c. 1.6771 

d. None of the above 

4. What is the present value of $1000 per year annuity for five years at an interest rate of 12%?  

a. $6,352.85 

b. $3,604.78 

c. $567.43 

d. None of the above