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Josh wants to have 500,000$ when he turns age 65. As a 20 year old investor, how much should Josh invest if he can earn 9% on his investment? Select one: a 25,156 b.54,000 c. 10,346 0.16,025 Your local bank accepts saving deposit which pays 8.5% annually. If you put 2,000 today, how much will you have in 7 years? Select one: a.8,521 b.3,540 c.5,625 d.6,328 If you are promised to have 52,500$ in 12 years, how much are you willing to invest right now? (market interest rate = 8.40%) Select one: a 25,150 b.19,944 c.21,258 d.15,100 An investment made today is expected to pay 1,500$ in two years, 2,000$ in four years and 5,000 in five years. If the expected return is 10%, what is the value of this investment? Select one: a.5,710 b.8,500 Cc.4,100 d.6,250 Your retirement plan requires you to put 500$ dollars every six months. If the contract pays 12% interest, how much will you have when you retire 30 years from now? Select one: a. 266,564 b.420,630 c.320,185 0.213,588 An investment offers $5,450 per year for 15 years, with the first payment occurring one year from now. If the required return is 8 percent, what is the value of the investment? Select one: a 46,649 b.45,987 c.39,100 d.52,361 An Insurance company is selling a perpetual annuity contract that pays $3,300 monthly. The contract currently sells for $425,000. What is the monthly return on this investment? Select one a 0.78% b.0.92% 0,0,88% 0.1.15% What is the effective annual rate of 10% annual percentage rate if it compounded quarterly? Select one: a. 13.41% b.12% C.11.87% d.10.38%

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