12.

a.)

What will $237,000 grow to be in 19 years if it is invested today in an account with an annual interest rate of 1%?

Assume no withdrawals or deposits or fees impact your bank account balance after your initial deposit.

Only the accrued interest changes the balance after the initial deposit in this question.

a.$286,322

b.None of these answers are correct.

c.$329,814

d.$631,835

e.$196,174

b.)

At what annual interest rate must $139,000 be invested so that it will grow to be $457,000 in 14 years?

Assume no withdrawals or deposits or fees impact your bank account balance after your initial deposit.

Only the accrued interest changes the balance after the initial deposit in this question.

a.~ -8 & (15/100) %

b.~ 6 & (1/4) %

c.~8 & (7/8)%

d.None of these answers are correct.

e.~9 & (3/10) %

c.)

If you invested $23,000 into an IPO with your average cost of shares purchased being $18.19 and you sold all of your shares 3 years later for $478.65, what would be your total gain in terms of dollars and percent?

a.Gain of $582,021, Gain of 2,531%

b.It is not possible to compute this answer given the information available.

c.Gain of $559,021, Gain of 2,431%

d.Gain of $460,460, Gain of 5,506%

e.Gain of $460.46, Gain of 5.5%