Chad currently has $28,250 in the Courageous Growth Fund. He doesn't remember how much he initially invested in the fund, but remembered that it was 12 years ago. His latest statement showed that his investment has returned an average annual rate of return of 9.04% Calculate the amount of his initial investment A. $9,999.73 B. $11,889.40 C. $12,40.70 D. $79,808.39 Diane needs $10,000 to purchase a car. Her fianc, Hank, has agreed to advance her the money if she will promise to repay him a lump sum of $13,500 in 5.5 years so he can put a down payment on a home. What is the average annual compound rate of interest that Hank will receive when the loan is paid? A. 5.61% B. 4.53% C. 7.87% D. 9.12% Ethan deposited $25,000 into an investment earning a 9% annual rate, compounded quarterly. How much will be in the account at the end of 4 years? O A. $35,299 B. $35,690 C. $38,880 D. $42,468 Katy recommends that one of her clients contribute $200 per month to the Pegasus Fly-High Growth Fund. Assuming the fund generates a consistent 10% return, compounded monthly, how much will be in the client's account at the end of 4 years? O A. $8,887 B. $9.286 C. $11,744 D. $12,123 Dick and Jane have estimated that they will need $17,000 to pay for their dream vacation to Turks & Caicos. They have $12,000 in an online savings account that they can invest at an annual rate of 2.97%, compounded semi-annually. How long will they have to wait before they can afford the trip? A. 12 years B. 11 years C. 10 years D. 9 years Rebecca's client wants to save $275,000 for retirement. She has $18,000 to invest today, and can invest an $18,000 annually each year on December 31st. Assuming she can earn 8.5% annually, how many years will it take to achieve her goal? A. 10.4 years B. 9.2 years C. 8.0 years D. 7.6 years