1.

Classify the problem below using the funding categories A to F You do NOT need to solve the problem just classify it. Funding Type A. Lump Sum Funds Lump Sum B. Lump Sum Funds Ordinary Level Annuity C. Lump sum funds delayed level annuity D. Ordinary Level Annuity funds lump sum E. Ordinary Level Annuity funds delayed level annuity F. Delayed Level Annuity funds delayed level annuity

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR (compounded monthly), how much do you have to invest each month, starting next month, for 3 months, such that your investment will grow to just cover your property tax bill?

Group of answer choices

F

E

B

A

C

D

2.

Classify the problem below using the funding categories A to F You do NOT need to solve the problem just classify it. Funding Type A. Lump Sum Funds Lump Sum B. Lump Sum Funds Ordinary Level Annuity C. Lump sum funds delayed level annuity D. Ordinary Level Annuity funds lump sum E. Ordinary Level Annuity funds delayed level annuity F. Delayed Level Annuity funds delayed level annuity

How much would you have to invest today to fund two payments of $500 each in periods 3 and 4 if the interest rate is 4%?

Group of answer choices

E

A

F

B

D

C

3.

Classify the problem below using the funding categories A to F You do NOT need to solve the problem just classify it. Funding Type A. Lump Sum Funds Lump Sum B. Lump Sum Funds Ordinary Level Annuity C. Lump sum funds delayed level annuity D. Ordinary Level Annuity funds lump sum E. Ordinary Level Annuity funds delayed level annuity F. Delayed Level Annuity funds delayed level annuity

If you earn 6% per year on your investments, how much do you have to invest today to Fund a payment of $500 due in 3 years?

Group of answer choices

C

D

A

B

E

F