Banana Inc. owes your firm $100,000. You have offered a payment plan of this money. Your offer will consist of weekly payments for two years at an interest rate of 8 percent. What is the amount of each payment? (There are 52 weeks in a year) o $1,183.59 o $1,310.42 o $1,041.25 $1,241.58 When you were born, your parents opened an investment account in your name and deposited $25,000 into the account. The account has earned an average annual rate of return of 12 percent. Today, the account is valued at $192,249.14. How old are you? o 20 years O 18 years 19 years 21 years 4 points Save An 15 years from now, you will be inheriting $30,000. What is this inheritance worth to you today if you can eam 9 percent interest compounded annually? o $7,156.40 $6,830.49 $9,390.62 $8,236.14 A loan that compounds interest monthly has an APR of 9 percent. What is the EAR? 9.38 percent 9.00 percent o 10.12 percent 9.89 percent 4 points QUESTION 15 You can deposit $1,000 today into a savings account. How long must you wait for the investment to grow to $4,000 if you can earn 11 percent annually on this money? o 13.28 years O 16.92 years 15.58 years 14.72 years