Given daily compounding (use n=365), the growth of $50,000 invested for 10 years at 6,89% interest will be closest to: a) $99,580 b) $105,526 c) $105,952 d) $106,036 Answer: I Question 12 What is the Annual Percentage Rate compounded quarterly of a financial asset that starts paying in a quarter $2,960.91 every quarter for ten years, when the present value of the asset is $100,000? a) 25% b) 3.27% c) 4.00% d) 5.00% Answer: Question 13 What is the Present Value of an asset that commences paying cash flows of $1,500 in three years' time for fifteen years, when the interest rate is 3.56% APR compounded annually? a) S12,478 b) $16,059 c) $17,203 d) $18,423