Assume that A contributes S2000 every year into a retirement account paying 8%. If A retires in 30 years, how much will he have? a) $212,576 b) $262,576 c) $226,576 d) $262,567 e) $226,567 A bank is offering 12% compounded quarterly. If you put $100 in an account, how much will you have at the end of one year? a) $115.12 b) $112.15 c) $112.50 d) $112.55 e) $126.68 Question 27 In 60 months what will be the Future Value of S750 received today and invested at 8.5% annually? a) S1172.47 b) S1121.47 c) S1127.74 d) S1127.47 e 41172.74 Question 28 What is the effective simple interest equivalent of 10% pa compounded semi-annually? a) 10.00% b) 10.25% c) 10.50% d) 10.75% Question 29 What is the present value of $800 to be received in 5 years time when the discount rate is 9 p.a.? a) S519.95 b) S658.28 c) $733.95 d) S1230.90