Need the answer to these 9 finance questions. Document is attached below.

1. Manny and Irene will be retiring in fifteen years and would like to buy a Mexican villa. The villa costs $500,000 today, and housing prices in Mexico are expected to increase by 6% per year. Manny and Irene want to make fifteen equal annual payments into an account, starting today, so there will be enough money to purchase the villa in fifteen years. If the account earns 10% per year, what is the amount of each deposit? Select one: a. $32,947 b. $37,714 c. $72,623 d. $79,885 2. Stock W has the following returns for various states of the economy: State of the Economy Probability Stock W's Return Recession 9% -72% Below Average 16% -15% Average 51% 16% Above Average 14% 35% Boom 10% 85% Stock W's standard deviation of returns is Select one: a. 12%. b. 37%. c. 29%. d. 43%. 3. Surf and Spray Inc. has a beta equal to 1.8 and a required return of 15% based on the CAPM. If the risk free rate of return is 4.2%, the expected return on the market portfolio is Select one: a. 21%. b. 10.2%. c. 19.2%. d. 13.4%. 4. Two sisters each open IRAs in 2011 and plan to invest $3,000 per year for the next 30 years. Mary makes her first deposit on January 1, 2011, and will make all future deposits on the first day of the year. Jane makes her first deposit on December 31, 2011, and will continue to make her annual deposits on the last day of each year. At the end of 30 years, the difference in the value of the IRAs (rounded to the nearest dollar), assuming an interest rate of 7% per year, will be Select one: a. $19,837. b. $12,456. c. $210. d. $6,300. 5. You are considering a sales job that pays you on a commission basis or a salaried position that pays you $50,000 per year. Historical data suggests the following probability distribution for your commission income. Which job has the higher expected income? Probability of Commission Occurrence $15,000 .15 $35,000 .20 $48,000 .35 $67,000 .22 $80,000 .18 Select one: a. The salary of $50,000 is less than the expected commission of $55,190. b. The salary of $50,000 is less than the expected commission of $52,720. c. The salary of $50,000 is greater than the expected commission of $48,400. d. The salary of $50,000 is less than the expected commission of $50,050. 6. Your daughter is born today and you want her to be a millionaire by the time she is 35 years old. You open an investment account that promises to pay 12% per year. How much money must you deposit each year, starting on her 1st birthday and ending on her 35th birthday, so your daughter will have $1,000,000 by her 35th birthday? Select one: a. $3,455 b. $2,317 c. $9,450 d. $5,777 7. Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest compounded annually. How much will you have in the account on your 21st birthday, just after your grandparents make their deposit? Select one: a. $79,640 b. $101,802 c. $86,058 d. $98,011 8. $10,000 invested at 10% per year for 5 years earns interest equal to $6,105.10; therefore, $10,000 invested at 10% per year for 10 years will earn interest equal to $12,210.20 (2 times $6,105.10). Select one: True False 9. When repaying an amortized loan, the interest payments increase over time due to the compounding process. Select one: True False