If you pay $4500 for a simple interest T-bill that will mature to $5250 in 3 months, what annual simple interest rate will you earn? (Compute the answer to one decimal place.) A) 48.2% B) 66.7% C) 36.4% D) 61.5% E) 98.4% What is the APY for money invested at 7% compounded monthly. A) 7.25% B) 6.98% C) 7% D) 7.23% E) 7.31% Which of the 3 investments yield the HIGHEST Return on your money over a 10 yr period. X = $800, r = 5%, compounded quarterly; Y = $850, r = 5%, simple interest; Z = $780, r = 5% compounded continuously, W = $825 placed in a shoebox A) W B) X C) Y D) Z E) T Solve for r to the nearest 100th of a per cent: 10,000 = 2500 (1 + r)^20 Select the correct calculation. A) r =^20 Squareroot 4 - 1 B) r = Squareroot 4 - 1 C) r = 4^20 - 1 D) r = ln(4) - 1