Reference no: EM132526340

Question 1: You deposit $1,000 in a bank account at the beginning of Year 1. How much will be in the account after five years at the end of Year 5? The interest rate on the account is 8% compounded annually.

$1,477
$677
$5,867
$1,469
$3,993
$6,463
$681
$9,549

Question 2: You deposit $1,000 in a bank account at the beginning of Year 1. How much will be in the account after 11 years at the end of Year 11? The interest rate on the account is 6% compounded annually.

$7,887
$1,870
$535
$527
$4,231
$7,913
$14,972
$1,898

Question 3: You will receive $1,000 at the end of 12 years. How much would you accept now in exchange for your right to receive $1,000 at the end of 12 years? You can earn 4% on any investments you make.

$4,779
$9,385
$625
$15,026
$3,037
$636
$1,601
$1,574

Question 4: You will receive $1,000 at the end of 11 years. How much would you accept now in exchange for your right to receive $1,000 at the end of 11 years? You can earn 6% on any investments you make.

$4,231
$7,887
$1,898
$535
$527
$1,870
$7,913
$14,972

Question 5: You will receive $1,000 at the end of 10 years. How much would you accept now in exchange for your right to receive $1,000 at the end of 10 years? You can earn 12% [COMPOUNDED SEMI-ANNUALLY] on any investments you make.

$3,207
$11,470
$335
$36,786
$312
$2,986
$3,326
$9,930

Question 6: You will receive $1,000 at the end of 10 years. How much would you accept now in exchange for your right to receive $1,000 at the end of 10 years? You can earn 12% [COMPOUNDED QUARTERLY] on any investments you make.

$1,589
$23,115
$4,360
$307
$75,401
$3,262
$2,744
$364

Question 7: You owe $10,000 on a loan. The loan is to be repaid in equal payments at the end of each year for the next five years. The interest rate on the loan is 8%. What is the amount of each of the annual loan payments?

$1,705
$1,047
$2,505
$1,547

Question 8: You owe $300,000 on a mortgage loan. The loan is to be repaid in equal payments at the end of each MONTH for the next 30 years. The interest rate on the loan is 6.00%, compounded monthly. What is the amount of each of the monthly mortgage payments?

$18,000.00
$1,798.65
$1,816.22
$10,897.34
$1,500.00

Question 9: You will receive $1,000 at the end of each year for the next five years. How much would you accept now in exchange for your right to receive $1,000 at the end of each year for the next five years? You can earn 8% on any investments you make.

$9,549
$1,469
$6,463
$5,867
$3,993
$1,477
$677
$681

Question 10: You will receive $1,000 at the end of each year for the next 12 years. How much would you accept now in exchange for your right to receive $1,000 at the end of each year for the next 12 years? You can earn 4% on any investments you make.

$9,385
$15,026
$4,779
$625
$636
$1,601
$1,574
$3,037