1.Juan Valdez buys a Mexican Government Savings Bond for $30,000 Canadian Funds. The market rate of interest in Mexico is 10% and interest is compounded semi-annually. At the end of four years, Juan's investment will be worth (rounded to the nearest dollar):

$36,278

$39,110

None of the above

$41,890

$54,224

2.A landscaping firm has quoted a price of $10,500 to fix up Sally's back yard. Five years she put $7,500 into a home improvement account that has earned an average of of 6% per year (annual compounding. Does Sally have enough in this account to pay for the landscaping?

Yes

There is too much information given to solve this problem

No

There is not enough information given to solve this problem

Maybe

3.If 8% is compounded quarterly for 2 years then the number of periods used in a time-value money calculation would be

4 periods

3 periods

12 periods

None of the other alternatives are correct

8 periods