How long will it take $10,000 to reach $50,000 if it earns 10% annual interest compounded semiannually?

1. 17 years
2. 33 years
3. 16.5 years (correct)
4. 8.5 years

You get a twenty-year amortized loan of $100,000 with a 5% annual interest rate. What are the annual payments?

1. $ 8,718
2. $37,689
3. $ 4,762
4. $ 8,024 (correct)

You get a 25-year loan of $150,000 with an 8% annual interest rate. What are the annual payments?

1. $14,052 (correct)
2. $ 2,052
3. $13,965
4. $13,427