I am working on a practice exam for my finance class, and was wondering how to compute the following problems via formula (algebraically) and through a financial calculator if applicable. I have numbered the problems below to make it easier to understand what it's asking since the during the last few questions I asked some of them were missing the numbers,

17.If you have a choice to earn simple interest on $10,000 for three years at 9% or annually compound interest at 7.5% for three years, which one will pay more and by how much?

A.Simple interest by $277.03b.Compound interest by $22.97 c.Compound interest by $150.75 d.Compound interest by $150.00 e.None of the above

26.You are scheduled to receive annual payments of $10,000 for each of the next 25 years.

Your discount rate is 8 %. What is the difference in the present value if you receive these

payments at the beginning of each year rather than at the end of each year?

a.$8,699

b.$9,217

C.$8,540

d.$10,000

e.$10,850

27.The Arizona lottery agrees to pay the winner $250,000 each year for 20 years, the first

payment to be made today. What is the present value of this stream of payments if the

annual interest rate is 10%?

A.$2,341,230b.$5,000,000 c.$2,487,529 d.$13,941,100

28.The present value of a growing perpetuity is $192,308. The cash flow in year one is $2,900, and the growth rate is 3%. The annual interest rate this perpetuity earns is:

a.1.3% b.4.3% C.4.5.% d.6.7%

30.George wishes to accumulate $80,000 by the end of 10 years from today by making equal annual end-of-year payments over this period. If George can earn 10% on his deposits, how much must he deposit at the end of each year?

a.$3,975 B.$5,019 c.$7,843 d.$13,019

36.If $50,000 is borrowed for a home mortgage, to be repaid at 10% interest over 30 years, what is the remaining loan balance after 20 years? Assume monthly payments are made.

a.$50,000b.$42,957 c.$32,590 D.$33,203e.$20,651

39.If a project has a cost of $30,000 and a PI = 1.5, then:

a.its cash inflows are $45,000b.the PV of its cash inflows = $20,000 c.its IRR = 50%D.its NPV = $15,000

e.two of the above