1. How long will it take for an investment of $1,500 to accumulate to $3,000 if you earn 10% per year? (express answer in years to 2 decimal places)

__________

2. What is $5,000 to be received in 3 years worth today if the interest rate is 12% per year compounded quarterly?

A. $3,559

B. $7,025

C. $3,507

D. $7,129

3. What is the FV in 9 years of $4,000 invested today when the annual percentage rate is 12% compounded quarterly?

A. $11,092.32

B. $7,139.81

C. $8,320.00

D. $11,593.11

4. If you want to accumulate $250,000 in 5 years, what would you have to invest today if the interest rate is 9%?

A. $162,482.85

B. $149,066.83

C. $229,357.80

D. $187,256.79

Thank you in advance!!