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1. An executor for an estate discovered an uncollected note of $100,000 dated January 15, 1975. At an interest rate of 6% per year, how

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1. An executor for an estate discovered an uncollected note of $100,000 dated January 15, 1975. At an interest rate of 6% per year, how much would it be worth on January 15, 2020? a. $1.OM b. $1.1M c. $1.2M d. $1.3M e. $1.4M f. $1.5M g. $1.6M h. $1.7M i. $1.8M j. $1.9M k. $2.OM 2. What is the sum of the following infinite series? Choose the closest answer. S=0.1+0.2-0.99+0.3-0.992 +0.4.0.993 +... a. 10 b. 20 c. 50 d. 100 e. 200 f. 500 g. 1000 h. 2000 i. 5000 j. 10,000 3. An engineer makes an investment of $1000 each year for 10 years. At the end of 10 years her investment is worth $20,000. What is the annual interest rate on her investment? a. 10% b. 11% c. 12% d. 13% e. 14% f. 15% g. 16% h. 17% i. 18% j. 19% k. 20%

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