Note: Please show steps for how you got to the answer for the mathematical questions Attached: is a similar version with correct answers. Question 1 (4 points) All else constant, if the interest rate decreases, what happens to the present value of some amount of money to be received in the future? For example, what will happen to the present value of $15,000 to be received n years from today (where n > 0) if the interest rate decreases from 15% to 10%? Question 1 options: The present value will increase The present value will decrease The present value will remain the same The present value might increase, decrease or remain the same, depending on exact value of n. Question 2 (4 points) All else constant, if the interest rate increases, what happens to the present value of some amount of money to be received in the future? For example, what will happen to the present value of $15,000 to be received n years from today (where n > 0) if the interest rate increases from 5% to 10%? Question 2 options: The present value will increase The present value will decrease The present value will remain the same The present value might increase, decrease or remain the same, depending on exact value of n. Question 3 (4 points) All else constant, if the interest rate decreases, what happens to the future value of some amount of money deposited today? For example, what will happen to the future value, n years from today (where n > 0), of $5,000 deposited into an account today if the interest rate decreases from 15% to 10%? Question 3 options: The future value will increase The future value will decrease The future value will remain the same The future value might increase, decrease or remain the same, depending on exact value of n. Save Question 4 (4 points) All else constant, if the interest rate increases, what happens to the future value of some amount of money deposited today? For example, what will happen to the future value, n years from today (where n > 0), of $5,000 deposited into an account today if the interest rate increases from 5% to 10%? Question 4 options: The future value will increase The future value will decrease The future value will remain the same The future value might increase, decrease or remain the same, depending on exact value of n. Save Question 5 (4 points) If I deposit $5,250 into an account today that pays 8.3% interest per annum (i.e., p.a.), how much will be in my account exactly two years from today? Question 5 options: $5,322.88 $6,668.75 $4,476.13 $6,157.67 $5,685.75 Save Question 6 (8 points) Your neighbor is asking you to invest in a venture that will double your money in 6 year(s). Compute the annual rate of return that he is promising you? (Record your answer as a percent rounded to 1 decimal place; for example, record .186982 = 18.7% as 18.7). Your Answer: Question 7 (8 points) You have just deposited X dollars in your bank account that pays interest of 10 percent p.a. You discover that at the end of one year you have $ 20,156 in the account. What was X, that is, the amount of money that you deposited today? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer: Question 8 (8 points) You want to withdraw $ 20,349 from your account at the end of one year and $ 49,147 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 12 percent p.a. (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer: Question 9 (8 points) You deposit $ 7,068 in your account today. You make another deposit at t = 1 of $ 5,799 . How much will there be in your account at the end of year 1 if the interest rate is 6.3 percent p.a.? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer: Question 10 (8 points) You deposit $ 82,319 in your account today. You make another deposit at t = 1 of $ 77,653 . How much will there be in your account at the end of year 2 if the interest rate is 5 percent p.a.? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer: Question 11 (8 points) Your account pays interest at 3 percent p.a.. You deposit $ 26,604 in it today. You must have exactly $ 70,923 in the account at the end of two years. What should you do at the end of the first year (that is, what dollar amount must you deposit) to ensure this? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer: Question 12 (8 points) You invest $ 4,465 in an account today. You make no additional deposits into the account. One year from today there is $ 5,370 in the account. What is the nominal interest rate that you earned on your money? (Record your answer as a percent rounded to 1 decimal place; for example, record .527945 = 52.8% as 52.8). Your Answer: Question 13 (8 points) Assume Bill Jones invested $ 2,255.31 into an account exactly one year ago. The account has an interest rate of 8.6 % p.a. How much does Bill have in his account today (that is, exactly one year after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84). Your Answer: Question 14 (8 points) Assume Sheryl Jenkins wants to accumulate $ 13,957.00 in two years. She currently has $ 10,108.40 to invest. What interest rate must she earn on her investment (that is, if she deposits $ 10,108.40 today) to have $ 13,957.00 exactly two years from today?(Record your answer as a percent rounded to 1 decimal place; for example, record .527945 = 52.8% as 52.8). Your Answer: Question 15 (8 points) Assume Jed Gerbil invested $ 14,314 into an account exactly two years ago. The account has an interest rate of 13.1 % p.a. How much does Jed have in his account today (that is, exactly two years after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84). Your Answer: Note: Please show steps for how you got to the answer for the mathematical questions Attached: is a similar version with correct answers.