1. Earle has been offered an "investment opportunity of a lifetime" - he has been offered the opportunity to receive $1,000 every year for all of eternity for the price of $25,000. Earle's current rate of interest is 10% per year. Should Earle take this investment? A. Yes B. No C. Not Enough information is Provided 2. Bubba really wants a new boat. The boat costs $8,500, and the seller will not finance it. Bubba had $2,000 in his "boat saving account" that earns 4% annual interest. If Bubba deposits $250 in his account every month, how long until Bubba can get his boat? A. 14.8 months B. 24.4 months C. 28.0 months D. 31.7 months E. None of the other Answers 3. Larry has decided to pursue the American dream and buy his first home. The home he wants is $150,000. The bank will finance 80% of the home, but Larry will need to come up with the remaining 20% as a down payment. The bank loan will be for 30 years, and require monthly payments, and have an interest rate of 6%. Larry currently has $3,000 in his bank account which earns 4% interest annually. Larry will put aside $500 per month into his bank account. How long until Larry can have the down payment of the house? A. 60.9 months B. 48.8 months - C. 38.2 months D. 25.7 months E. None of the other Answers 4. Referring back to question H3, how much will Larry's monthly payment of principal and interest be? A. $572.90 B. $716.12 C. $4,800.00 D. $6,939.61 E. None of the other Answers 5. Fred owns an apartment complex where residents pay their rent on the 1tt day of the month. For Fred, this series of payments is best described as A. an ordinary annuity - end of month B. an annuity due beginning of month C. a short-term expense D. a capital loss