1a.)

Sue now has $112.813. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?

$205.83

$216.67

$228.07

$240.08

$252.08

b.) Suppose a State of New York bond will pay $1,215.50 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today?

$585.43

$614.70

$645.44

$677.71

$711.59

c.) Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 7.6197% interest, compounded annually. How much will you have when the CD matures?

$1,781.53

$1,870.61

$1,964.14

$2,062.34

$2,165.46