1. How many years will it take for $227,000 to grow to be $507,000 if it is invested in an account with a quoted annual interest rate of 14% with quarterly compounding of interest?

	5.09
	23.36
	8.88
	10.06
	5.84

2. If you deposit $12,000 per year for 21 years (each deposit is made at the beginning of each year) in an account that pays an annual interest rate of 9%, what will your account be worth at the end of 21 years?

	$121,542.55
	$111,506.92
	$742,480.06
	$681,174.36
	$502,092.18

3. You are offered an annuity that will pay $13,000 per year for 15 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 13%, what is the annuity worth to you today?

	$84,010.92
	$525,427.04
	$94,932.34
	$593,732.55
	$387,668.74