Jorge is unable to make a $4,500 payment due today. He proposes to settle the obligation by making three equal payments-one today, another in four months, and a third in nine months. What must each payment be to make the proposed payment stream equivalent to the scheduled payment if money can earn 7.2% compounded monthly?

Assume money can earn 15% compounded semi-annually. Rank the following payments in order of the payee's first choice, second choice, and third choice, respectively: 10,000 paid today, $20,000 to be paid five years from today, or $13,500,000 to be paid fifty years from today.

A) $10,000; $20,000; $13,500,000
B) $10,000; $13,500,000; $20,000
C) $13,500,000; $10,000; $20,000
D) $13,500,000; $20,000; $10,000
E) $20,000; $13,500,000; $10,000

Which of the following can be the null hypothesis for a research study that would employ the chi-square test for independence?

A) H₀: gender and SUV ownership are dependent
B) H₀: gender and SUV ownership are independent
C) H₀: μ_gender = μ_{SUV ownership}
D) H₀: σ²_gender = σ²_{SUV ownership}

By calculating the maturity value of $100 invested for 1 year at each rate, determine which rate of return an investor would prefer.
a) 8.0% compounded monthly.
b) 8.1% compounded quarterly.
c) 8.2% compounded semi-annually.
d) 8.3% compounded annually.