Question :
31.Keisha has $3,500 now and plans investing it in a : 1257492
31.Keisha has $3,500 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly. How much will Keisha have accumulated after 2 years?
A. $4,433.80
B. $4,340.00
C. $4,390.40
D. $3,920.00
E. $3,500.00
32.How long will it take an investment of $25,000 at 6% compounded annually to accumulate to a total of $35,462.50?
A. 4 years
B. 5 years
C. 6 years
D. 2 years
E. 10 years
33.What interest rate is required to accumulate $6,802.50 in four years from an investment of $5,000?
A. 5%
B. 8%
C. 10%
D. 12%
E. 15%
34. RussellCompany has acquired a building with a loan that requires payments of $20,000 every six months for 5 years. The annual interest rate on the loan is 12%. What is the present value of the building?
A.$72,096
B. $113,004
C. $147,202
D.$ 86,590
E. $200,000
35. Marc Lewis expects an investment of $25,000 to return $6,595 annually. His investment is earning 10% per year. How many annual payments will he receive?
A. Five payments
B. Six payments
C. Four payments
D. Three payments
E. More than six payments
36.A company is considering an investment that will return $22,000 semiannually at the end of each semiannual period for 4 years. If the company requires an annual return of 10%, what is the maximum amount it is willing to pay for this investment?
A. Not more than $69,738
B. Not more than $139,476
C. Not more than $ 88,000
D. Not more than $142,190
E. Not more than $176,000
37. What amount can you borrow if you make six quarterly payments of $4,000 at a 12 % annual rate of interest?
A. $24,838.00
B. $21,668.80
C. $31,049.00
D. $40,000.00
E. $44,800.00
38. What amount can you borrow if you make sevensemiannual payments of $4,000 at an8% annual rate of interest?
A. $28,000.00
B. $25,760.00
C. $31,049.00
D. $24,008.40
E. $35,691.20
39. An individual is planning to set-up an education fund for herdaughter. She plans to invest $7,000 annually at the end of each year. She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 9 years?
A.$ 87,413
B.$ 68,040
C. $50,400
D. $126,000
E. $45,360
40.An individual is planning to set-up an education fund for hisgrandchildren. Heplans to invest $10,000 annually at the end of each year. Heexpects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 10 years?
A.$ 46,320
B.$ 67,107
C. $100,000
D. $144,866
E. $215,890
41. Clarais setting up a retirement fund, and sheplans on depositing $5,000 per year in an investment that will pay 7% annual interest. How long will it take herto reach herretirement goal of $69,082?
A. 13.816 years
B. 0.072 years
C. 10 years
D. 20 years
E. 5 years
42. The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest. What amount will they have available for their vacation at the end of 2 years?
A.$8,000.00
B.$8,960.00
C. $8,892.30
D. $8,240.00
E.$8,487.20
43.A company needs to have $150,000 in 5 years, and will create a fund to insure that the $150,000 will be available. If it can earn a 6% return compounded annually, how much must the company invest in the fund today to equal the $150,000 at the end of 5 years?
A.$141,000
B.$112,095
C.$100,000
D.$45,000
E.$105,000
44. Jackson has a loan that requires a $17,000 lump sum payment at the end of four years. The interest rate on the loan is 5%, compounded annually. How much did Jackson borrow today?
A.$16,150
B.$13,600
C.$11,504
D.$13,986
E.$15,343
45. A company has $46,000 today to invest in a fund that will earn 4% compounded annually. How much will the fund contain at the end of 6 years?
A.$58,204
B.$47,840
C.$58,075
D.$57,040
E.$62,582