1.How long will it take $10,000 to reach $50,000 if it earns 10% annual interest compounded semiannually?

A 17 years

B 33 years

C 16.5 years

D 8.5 years

2.What is the future value of an annuity due if your required return is 10%, and annual payments are $1,000 for 10 years?

A $15,937

B $16,145

C $17,531

D $11,000

3.What a deal! Your new car only costs $28,300 after rebates and trade. If you finance it for 60 months at 6% annual interest, what will be your monthly payment?

A $471.67

B $544.40

C $547.12

D $1,751.08

4.If you deposit $100 in the bank today at an annual rate of 5.5%, compounding monthly, how long will it take to double in value?

A) 2 years

B) 12.6 years

C) 12.95 years

D) 152 years