Fin3350Ex2chSand? Multiple Choice Identify the choice that best completes the statement or answers the quetion Mark your BLOCK Capital letters. When yow hurve finished hand in the xm and niver sheet onrwer sheet accordingly uing separately Uise your time wisely o good luck l. AS50,000 loan is to be amortized over 7 years, with mal enddyear payments. statements is CORRECT? a. The annual payments would be larger if the interest rate were lower b. If the loan were amortized over 10 years rather than 7 years, and if the interest rate were _ Which ofthese the same in either case, the first payment would include more dollars of interest under the 7-year amortization plarn c The proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower d The last t payment would have a higher proportion of interest than the first payment proportion of interest versus principal repayment would be the same for each of the 7 e The payments Sue now has S490, 2. How much would she have after 8 years if she leaves it invested at5% with annual a. $941.10 $724.64 c. $837.58 d. $1,148.14 e $1,157.55 Jose now has S500. 3. How much would he have afer 6 years ne leaves it invested at 7.5% with annual a. $679.05 b. $763.93 c. $910.55 d. $879.68 e$771.65 Suppose you have $2.000 and plan to purchase a 10-year certificate of deposit (CD) that pays 40% inter compounded annually. a. $2,516.42 b. $2,960.49 c $3,641.40 d. $3,019.70 e $2,634.83 Last year Rocco Corporation's sales were $725 million. If sales grow at 6% per year, how large (in will they be 5 years later? a. $756.77 b. $1,096.34 c. $1,212.77 d. $921.70 e. $970.21 4. How much will you have when the CD matures? were 5 a $756.2 3 years latern