INSTRUCTIONS - Record your answers to the following multiple choice questions. - Input your answers using CASA CourseWare by using the "EMCF" tab and selecting "Homework 5". Mark "F" for "None of the above" - The answer form will close at 11:59 pm of the posted date, You can adjust your answer choices any time until then. Use the following problem to answer questions 1 and 2 . A young man is the beneficiary of a huge trust fund 35 years ago. If they had set aside $25,000, how much will be in the trust now if they could invest the money at 2.5% per year compounded annually? 1. Identify the type problem. a. Present Value with compound interest b. Future Value with compound interest c. Simple Interest d. Future Value with simple interest e. Present Value with simple interest 2. How much money will they have if the interest is compounded semiannually? 3. $505,789.33 b. $62,773.32 c. $59,647.50 d. 565,592.11 e. $33,308.30 Use the following problem to answer questions 3 and 4. Corrie bought a new flat screen 70 inch television and a speaker system from a local electronies store on credit. The store will charge 12% per year compounded monthly. Their monthly payments are $174.80 for 3 years. What is the cash price of her purchase? 3. Identify the type of problem. a. Future Value with compound interest b. Present Value with compound interest c. Present Value of an Annuity d. Future Value of an Annuity e. Future Value with simple interest 4. Answer the question in the problem. a. $4,881,98 b. $5,262.79 c. $4,956.80 d. $3,762,26 e. $4,382.98