MULTIPLE CHOICE: Circle the correct answer. (13 points) 1. Tony invests $900 at the end of each quarter at 7.5% compounded monthly. have after 8 years? Py=4 cy= a) $58,651.44 b) $135,865.43 c) $126,452.33 d) $45,788.98 e $39,053.95 FV = 390. 2. If you want to purchase an annuity providing an income of $3000 at the end years, how much will it cost if the purchase funds earn 11% compounded se ci a) $120,256.44 (b) $192,589.63 c) $115,263.45 d) $106,408.07 e) $260,265.65 PY=12 3000 PMT 96 PV = 192 3. Larry will invest $7500 into his RRSP at the end of each year for 20 years. H money will he have in 20 years if he is able to earn 7% compounded annual compounded quarterly? OPTION pi 7500 20 7 a) $225,423.65 b) $206,977.18 c) $56,979.34 -900 PMT 7.5 IY d) $250,486.85 e) $307,466.19 OPTION-2 py=1, cy=4 IY CPT FV/= 250486.85 0 PMT = IY PV MORE =CD- 56939