1) If a person needs $20,000 in 5 years from now and interest rates are currently 6% how much do they need to invest today if interest is compounded annually?

A) $14,683.

B) No answer text provided.

C) $14,945

D) $15,301

2) Given a 5% discount rate, the present value of $500 to be received three years from today is:

A) $578

B) $432.

C) $400.

D) No answer text provided.

3)

If $2,500 were put into an account at the end of each of the next 10 years earning 15% annual interest, how much would be in the account at the end of ten years?

A) $27,461.

B) No answer text provided.

C) $50,759.

D) $41,965.