1. Emily plans to save $200 a month for the next 24 years and hope to earn an average rate of return of 10.6 percent. How much more will she have at the end of the 24 years? A) $287,563.00 B) $290,334.00 C) $298,355.00 D) $262,394.00 E) $257,711.00

2. A preferred stock pays an annual dividend of $4.50. What is one share of this stock worth to you today if you require a rate of return of 10 percent? A) $41.00 B) $42.00 C) $43.00 D) $44.00 E) $45.00

3. Fulfillment Life Insurance offers a perpetuity that pays annual payments of $12,000. This contract sells for $200,000 today. What is the interest rate? A) 6 percent B) 7 percent C) 8 percent D) 9 percent E) 10 percent