68. The NPV for this project is closest to:

A) $176,265

B) $123,420

C) $450,000

D) $179,590

69. The NFV (=the future value of the NPV in 4 years) for this project is closest to:

A) $299,925

B) $306,523

C) $319,151

D) $416,433

CIRCLE THE CLOSEST ANSWER.

70. What quarterly payment is necessary to accumulate $1.5 million over 15 years if the annual interest rate is 6.75% APR compounded quarterly? Assume payments are made at the end of each quarter.

a) $10,703

b) $14,637

c) $18,534

d) $24,748

(CIRCLE THE CLOSEST ANSWER)

71. Given daily compounding (use n = 365), the growth of $5,000 invested for two years at 6.5% interest will be closest to:

a) $5,504

b) $5,618

c) $5,694

(CIRCLE THE CLOSEST ANSWER)

72. What is the Annual Percentage Rate compounded quarterly of a financial asset that starts paying in a quarter $8,947 every quarter for ten years, when the present value of the asset is $300,000?

a. 1.48%

b. 3.56%

c. 5.93%

d. 6.73%

(CIRCLE THE CLOSEST ANSWER)