36

1. Mr. and Mrs. Jones buy a house for $235,000.If the house appreciates at 5% annually, what would be the value of the house in 8 years?
2. A.$256,873
3. B.$321,908
4. C.$347,202
5. D.$467,812

2.5 points

QUESTION 37

1. If Joe saves $6,000 per year for 25 years and earns 7% on his investment, how much money will he have after 25 years?
2. A.$267,843
3. B.$379,494
4. C.$452,167
5. D.$523,416

2.5 points

QUESTION 38

1. Sarah invested $120,000 in the stock market 9 years ago.If earned 11% on her money annually, how much is her investment worth today?
2. $282,547
3. $298,578
4. $306,964
5. $386,345

2.5 points

QUESTION 39

1. Dana has no savings right now but invests $8,000 per year for 18 years and earns 7% on her investment annually.How much money will she have after 18 years?
3. A.$271,992
4. B.$321,894
5. C.$386,549
6. D.$416,756

2.5 points

QUESTION 40

1. Mr. and Mrs. Davis needs to have $125,000 to send their daughter to college in 12 years.They expect to earn 8% annually on their investment.What amount do they need to have today so that they can reach their financial goal of having $125,000 in 12 years?
3. A.$41,267
4. B.$49,639
5. C.$56,789
6. D.$61,325