5) You are offered an investment that offers and effective annual rate of 13.3%. If this investment offers continuous compounding, then the APR for this investment is closest to: A) 12.5% B) 13.3% C) 13.8% D) 14.2%

6) Consider a growing perpetuity that will pay $250 in one year.Each year after that, you will receive a payment on the anniversary of the last payment that is 6% larger than the last payment.This pattern of payments will continue forever.If the interest rate is 11%, then the value of this perpetuity is closest to:

A) $5,000 B) $1,667 C) $2,000 D) $909

7) If the appropriate interest rate is 6.3%, then present value of $300 paid at the end of each of the next 65 years is closest to: A) $4,672 B) $4,762 C) $4,887 D) $4,966

8). Crazy Larry's Belen Pawn Shop and Elvis Emporium lends money at an annual rate of 21 percent and compounds interest weekly. What is the actual rate being charged on these loans?

A) 23.16 percent B) 23.32 percent C) 23.49 percent D) 23.56 percent

6) Some time ago, Lorna purchased 400 acres of land in Socorro County costing $36,900. Today, that land is valued at $214,800. How long has she owned this land if the price of the land has been increasing at 10.5 percent per year? (Compute 'Nper') A) 13.33 years B) 16.98 years C) 17.64 years D) 19.29 years

10.) Explain the differences between ETFs and Mutual Funds.

11.) What was the Bretton Woods System?

A) A post-war agreement establishing a new monetary system, with all currencies directly convertible to gold

B) A post-war agreement establishing a new monetary system, with only the US Dollar directly convertible to gold

C) A post-war agreement establishing a new monetary system, with only the US Dollar, British Pound, and Japanese Yen directly convertible to gold

D) The name of my synth-pop band from 15 years ago

12.) Name two reasons why the Gold Standard was difficult to maintain.