1) Suenette plans to save $600 at the end of Year 1, $800 at the end of Year 2, and $1,000 at the end of Year 3. If she earns 3.4 percent on her savings, how much money will she have saved at the end of Year 2?

A) $2,387.00

B) $2,429.00

C) $2,168.00

D) $2,472.00

E) $2,501.00

2) JK Industries just signed a sales contract with a new customer. JK will receive annual payments in the amount of $62,000, $62,000, $62,000, and $62,000 at the end of Years 1 to 4, respectively. What is this contract worth at the end of Year 4 if the firm earns 4.3 percent on its savings? A) $287,518.00 B) $298,178.00 C) $224,459.00 D) $278,458.00 E) $264,459.00

3) Capstone Investments is considering a project that will produce cash inflows of $11,000 at the end of Year 1, $24,000 in Year 2, and $36,000 in Year 3. What is the present value of these cash inflows at a discount rate of 8 percent? A) $57,231.00 B) $55,588.00 C) $50,197.00 D) $59,339.00 E) $54,405.00