1. What is the present value of $4,000 received at the end of each year for five years if you can earn an 9% rate of return on your investments?
$15,558.61
$2,599.73
$23,938.84
$6,154.50
2. What is the present value of $2,000 received in 14 years if you can earn a 6% rate of return on your investments?
$4521.81
$18,589.97
$884.60
$42,030.13