A) If you deposit $350 in an account paying 5.5% simple interest How much interest did you earn at the end of 11 years? B)You deposit $900 in a bank that pays interest at a rate of 4%, compounded annually.How much will you have in the account after 10 years?Answer to 2-decimal/percent (xx.xx). (5 points) C)To buy a new house you must borrow $250,000. To

do this

you take out a $250,000, 30-year, 4.25 percent mortgage. Your mortgage payments, which are made at the end of each year (one payment each year), include both principal and 4.25 percent interest on the declining balance. How large will your annual payments be? D) You have won the lottery and can choose 1 of 3 prizes.Prize #1 is an immediate cash payment of $150,000.Prize # 2 is a payment of $500,000 to be received 10 years from now.Prize #3 involves receiving $20,000 per year for next 10 years.Which would you take if your discount rate is 8%? How much is Prize #1? E)You have won the lottery and can choose 1 of 3 prizes.Prize #1 is an immediate cash payment of $150,000.Prize # 2 is a payment of $500,000 to be received 10 years from now.Prize #3 involves receiving $20,000 per year for next 10 years.Which would you take if your discount rate is 8%? How much is Prize #2? F) You have won the lottery and can choose 1 of 3 prizes.Prize #1 is an immediate cash payment of $150,000.Prize # 2 is a payment of $500,000 to be received 10 years from now.Prize #3 involves receiving $20,000 per year for next 10 years.Which would you take if your discount rate is 8%? How much is Prize #3? G) From the chart below, what is the correct Return on Equity as a decimal? Current Assets$1,350 Total Assets$2,500 Operating Profit$475 Debt$975 Net Income$300 Inventory$450 Cost of Goods Sold$525 Sales$1,350 Current Liabilities$800 Total Equity$1,525 Total Liabilities and owners equity$2,500