A savings plan requires 48 deposits of $450 per month commencing today. If the interest rate is 6.3% p.a compounding monthly, the value of the investment planin exactly 4 years from today will be closest to:

Select one:

a.$24621.29

b.$24492.70

c.$2101.93

d.$1977.36

b:Suppose you will receive $13,000 in 8 months and another $14,000 in 23 months. If the discount rate is 5% per annum (compounding monthly) for the first 11 months, and 11% per annum (compounding monthly) for the next 12 months, what single amount received today would be equal to the two proposed payments? (answer to the nearest whole dollar; don't include the $ sign or commas)

c:If money is invested for 11 years, the per annum simple interest rate equivalent to a nominal rate of 13.3%p.a compounding quarterly is (as a percentage roundedto three decimalplaces; don't use % sign):