Answer all of these questions with the right question number next to the correct choice. ANSWER ALL OR NONE

10-The balance on your 6.75% student loan at graduation is $12,000 to be paid in equal monthly payments over 5 years. What is the balance of your loan after making all payments for three years?

A)$5,288.96

B)$3544.31

C)$3,173.38

D)$7,678.12

13-At a rate of 18.0%, what is the future value of the following cash flow stream?

Years:	0	1	2	3	4
CFs:	$0	$75	$225	$0	$300

A)$737

B)$795

C)$619

D)$574

15-The City of Austin offers annual municipal bonds that pay 4.5% interest tax free. Texas Instruments offers annual bonds that pay 7.5% interest (taxable). The S&P ratings on both concerns are the same, so that there is no difference in default risk between the two bonds of equal maturity. Assuming that the investor is a wealth optimizer (he chooses the bond with the highest after-tax rate of return), what rate of return will the investor secure on his preferred bond if his marginal tax rate is 38%.

A)4.65%

B)5.5%

C)4.00%

D)7.5%