1.Your auntie just gave you $2,890. You are investing this cash today for 20 years at 0.1 percent simple interest. How much money will you have at the end of the 6 years?

A.

$2,907

B.

$3,090

C.

$3,540

2.Rubbish Consortium is considering the purchase of a faster cleaning equipment. The purchase consists of quarterly payments of $26,680 for six years at 1.8 percent interest. What is the present value of this purchase?

A.

$514,184.40

B.

$587,418.22

C.

$605,665.09