1. Which option is more valuable if you can earn 5% on your money? A Receiving 55 million per year for the next 15 years with the first payment today B. Receiving S90 million in 10 years C. Neither, they are identical 2. Suzie wishes to withdraw $55,000 each month for 30 years. She expects to earn an average rate of return of 5.65 percent. How much will she need in her account today to accomplish her goal? A. $ 9,645,472 B. $ 9,633,404 C. $ 9,740,445 D. $ 9,528,169 3. Your friend bought Bitcoin priced at $231. Four years later she sold it for $6,483. If returns are compounded daily, what was the annual rate of retum on her investment? A 84.81% B.130.12% 83.46% D. 82.93% 4. If you invest $25,000 in the bank today, how many years will it take to grow to $115,000 if you have an account paying 7.8% compounded semi-annunlly? A 19.94 years B. 41.45 years C. 39.89 years D. 20.73 years 5. If you borrow $350,000 with a 30-year mortgage at 4.5% APR with monthly payments, how much of the loan balance will be paid off during the first four years of the loan if you make only the minimum monthly payments? A. $ 30,947 B. $ 24,190 C. $319,053 D. $325.810 6. Which one of the following will decrease the present value of a fixed future amount? Assume the interest rate is a positive value A. Increase in the compounding frequency B. Decrease in the interest rate C. Decrease in the time period D. None of the above 7. If you owe $15.000 on an account charging 22.9% APR, how many years will it take you to pay off the balance if you make monthly payments of $300 per month? A. 163.08 years B. C 13.59 years D. 7.51 years 2.95 years