1. Which of the following is NOT part of the "Your future your super" reform:

a.Best financial interest duty by trustee

b.Your super comparison tool

c.Super stapling

d.Performance test for MySuper products by ASIC

2. You are considering purchasing a new camping trailers that will cost you $10,000. The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month). Assuming you finance the entire $10,000 and finance through the dealer, your monthly payments will be (round to the nearest dollar):

a.$260

b.$309

c.$239

d.$188

3.IMB Bank offers a holiday loan that will require you to pay 2.5% per annum with quarterly compounding. Which of the following is the closest to the effective annual rate charged by the bank? (round to 2 d.p.)

a.2.82%

b.2.52%

c.2.53%

d.2.02%

4. Mary wishes to leave a provision in her will that $3,000 will be paid annually in perpetuity to a local charity. How much must she provide in her will for this perpetuity if the interest rate is 4% per annum?

a.$57,692.31

b. $54,545.45

c. $75,000.00

d. $46,153.85