1, How much would you have to put in the bank today, if you wanted to have $10,000 after 6.5 years if you earned 5.5% compounded daily?

A.	$12,834.12
	B.	$12,888.52
	C.	$7,060.88
	D.	$14,162.12
	E.	$14,297.1

F.

Answer not given as a choice.

2. You are 40 years old today and want to plan for retirement at age 65. You want to set aside an equal amount every year from now to retirement. You expect to live to age 95 and want to withdraw a fixed amount each year during retirement that at age 65 will have the same purchasing power as $70,000 has today. You plan on withdrawing the money starting the day you retire. You have $15,000 saved for retirement today. Inflation is assumed to be 3.5% in the future. You expect to earn an 8% return on your investments in the future. How much do you need to save each year until retirement to meet your goal?

3. You won the lottery! (Annuity Due), You are going to get paid 27 annual payments, starting today that add up to $12,661,555. Using a 0.07 discount rate how much did you really win? (Ignore taxes)

4. You won the lottery!, You are going to get paid 25 annual payments, starting today that add up to $25,000,000. Using a 4.0% discount rate how much did you really win? (Ignore taxes)

5. If you save $3,675 a year, and earn 0.04 interest annually, how much will you have in your account after 19 years?

6. (True/False) The LIBOR rate is the interest rate paid on Euro Dollar accounts.

7. (T/F) The U.S. stock market is considered to be an efficient market. This means that all stocks are correctly priced.