Mary wants to have $150 after six years by depositing $100 today and earning six percent interest compounded annually for the next six years. Can Mary attain her financial goal of having $150 lump sum six years later? No, the future value is less than $150. No, the present value is less than $150. Yes, the present value is more than $150. Yes, the future value is more than $150. Question 31 (1 point) Which of the following types of investment would best protect the purchasing power of a family's savings in the event of a sudden increase in inflation? A house financed with a fixed-rate mortgage A twenty-five year corporate bond A 10-year bond issued by a corporation A certificate of deposit at a bank Which savings strategy will get you to $1 million in the bank by age 65, assuming 8% annualized return? Save $200 a month, starting at age 20 Save $1500 a month, starting at age 50 Save $400 a month, starting at age 30 Save $800 a month, starting at age 40 Question 33 (0.5 points) The law does not require you to use a lawyer's services for making a living will, but you may wish to consider this, especially if your affairs are complicated. True False