1 How much ist you invesa today to be able to make 12 anual payments of S10 million if the first payment beurs in cleven years and you can earn & Son your money! A $40810913 B$41.135.112 C$16.388.791 D$13.461.654 16 You inest 300 at the beginning of each month into your account for the next 4 years and earn 10% interest for the first 20 years, then earn 8% for the next 20 years. How much will you have accumulated at the end of 40 A $399.689 B S1299084 CS 892,712 D $1,308,615 17. You recently sold an antique car you owned and valued greatly. However, you needed money and agreed to sell the car ta price of $6.000 10 be paid in moothly payments of $2,000 each for five years. What manual interest rate did you charge for financing the sale A 32.49 B26.199 C 32.55 D. 29.019 18. Which has a higher effective anal rate an account paying 6.7% compounded daily or an account paying 7.0% compounded annually A The account compounding daily B. The secount compounding annually They are exactly the same 19. What are the monthly payments for a $30,000 loan over tive years at 3.89APR A $850.47 B SS00,49 C$6726 D 3347.77 20. If you deposit $1.200 per month for the next 35 years until retirement at 10,5% how much will you be able to withdraw each month from that account for 30 years after retiring if you can eam during retirement? A. $22,763 B $27.846 C 530,120 D$3,800 21. If you have $1,000,000 in an earning an annual rate of 38 how much can you withdraw from that account every day for the next 25 years? A $166:21 B S188.77 $110.11 D $1603