Previous Page Next Page Page 20 of 20 Question 26 (5 points) On 12/31/15 you quit your job and you were given $210,387 by your employer as a severance benefit. On the same day, you invested the entire amount you received into an aggressive stock fund. This fund will earn annual 10% compounded annually. If you liquidate the entire investment on 12/31/19. how much money can you expect to collect? (note: if your answer is within $1,000 from one of the answer choices, it's a rounding issue: select that answer. For example, if you got something like 320,000, select the answer "$320,709") 0 $311.424 $1,282,836 $143,697 $1,048,719 $308,028 $294.541 Question 24 (5 points) On 1/1/05 (day of the first payment) you started contributing to a retirement account $5,000 each year. You stopped this annual contribution on 1/1/15 (day of the last payment) and kept the money in the retirement fund until 12/31/15, when you withdrew the full balance and closed the account. From 1/1/05 to 12/31/15, your retirement account has earned annual 4% compounded annually. Which of the following is (approximately) the amount you collected on 12/31/15, when you closed the account? (note: if your answer is within $300 from one of the answer choices, it's a rounding issue: select that answer. For example, if you got something like $43,950, select the answer "$43,802") $62.432 $45.554 567.432 $70.129 $43,802 $52.000