11. All are characteristic of the four (4) money rules except? A) Individuals prefer money sooner rather than later. B) Value of money depends on the tradeoff between time and amount. C) Individuals prefer to more rather than less. D) All of the above. E) Only A and B. 12. What is the future value of $35,000 if it grows at an annual rate of 5% for six years? A) $44,669.85 B) $46,837.90. $46,903.35. $49,648.17 13. How much would you pay today for an in vestment offering a lump sum of $500 in six years if you hoped to earn a return of 15 percent? A) $132.11. B) $175.37 C) $216.16. D) $227.36 How long will it take for SS00 to triple if it is invested at 4% annual interest rate? A) 15 B) 8 C) 12 D) 28 14, 15. An annuity is characterized by all of the following except A) All cash flows are equal in amount. B) All cash flows are equal in direction of flow C) All cash flows are equal in risk. D) All cash flows are equal in spacing. 16, what is the present value of S500 deposited at the end of each year for 20 years at an interest rate of 6%? A) $3,178.62 B) $5,734.96. C) $7,531.86. D) $12,071.82 What is the future value of an ordinary annuity of $800 per year that lasts for 17 years at an interest rate of 14%? A) $30,064.85. B) $37,682.14 C) $47,294.08. D) $63,183.32 17. 18. How many years will it take to save S10,000 if you deposit $200 in the ban k at the end of each year at 8 A) 20 B) 15 C) 21 D) 18