13. If your sister deposits $1000 at the end of each year into her company's plan which pays 7% interest compounded annually, how much will she have in the account at the end of 10 years? *

a) $19,671.51

b) $7,023.58

c) $13,816.45

d) $10,000.00

e) None of the above

14. TSE has an equity multiplier of 1.66, and its assets are financed with some combinations of long-term debt and common equity. What is its debt ratio? *

a) 60%

b) 39.76%

c) 66%

d) 20%

e) None of the above

6. You have just won the lottery and you will receive 20 annual beginning-of-year payments of $5 million each. If you expect to earn a 9% compounded semi-annually, what will be the current value of the lottery payments? *

a) $67,966,468

b) $47,986,467

c) $97,211,422

d) $27,956,468

e) None of the above