1. Fifteen years ago, your parents opened an investment account with an initial deposit of $5,000. Today, that account is worth $38,563. What average annual rate of return did they earn on their investment?

   	A.	14.47%
   	B.	14.59%
   	C.	14.78%
   	D.	15.03%

1. You just found your dream car. The car will cost you $29,070. The dealer will lend you the entire amount at 5.9% interest, compounded monthly. for 60 months. What is the amount of the monthly payment?

   A.

   $426.78

   B.

   $560.65

   C.

   $572.80

   D.

   $604.68

1. The Corner Bank is offering you a credit card with an APR of 12.95%. The bank compounds the interest rate on a monthly basis. What is the effective annual rate?

   	A.	13.69%
   	B.	13.75%
   	C.	12.95%
   	D.	13.89%