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Please show work, thank you in advance :) What is the present value of a semi-annual...

Please show work, thank you in advance :)

What is the present value of a semi-annual ordinary annuity payment of $7,000 made for 12 years with a required annual return of 5%?

  1. $ 65,145
  2. $128,325
  3. $125,195 (correct)
  4. $ 62,043

You deposit $10,000 in a bank and plan to keep it there for five years. The bank pays 8% annual interest compounded continuously. Calculate the future value at the end of five years.

  1. $14,693
  2. $15,000
  3. $14,918 (correct)
  4. $14,500

What is the present value of an annual annuity payment of $7,000 made for 12 years with a required return of 5% with the first payment starting today?

  1. $ 3,898
  2. $65,145 (correct)
  3. $62,043
  4. $11,200

Company XYZ purchased some machinery and gave a five-year note with a maturity value of $20,000. The discount rate is 8% annually and the interest is discounted monthly. How much did the company borrow?

  1. $13,612
  2. $13,424 (correct)
  3. $19,346
  4. $12,000
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