QUESTION $1$

Buford plans to invest $$4,960\mathrm{.}00$ in $3$ years and $$4,020\mathrm{.}00$ in $5$ years. He expects to earn $8\mathrm{.}93$ percent per year. How much money does Buford expect to have in $12$ years?

$$17,385\mathrm{.}52($plus or minus $10$ dollars$)$

$$11,361\mathrm{.}43($plus or minus $10$ dollars$)$

$$18,026\mathrm{.}23($plus or minus $10$ dollars$)$

$$16,416\mathrm{.}08($plus or minus $10$ dollars$)$

none of the answers are within $10$ dollars of the correct answer

QUESTION $2$

Helen plans to invest $$41,200\mathrm{.}00$ in $3$ years and $x$ in $1$ years. She expects to earn $5\mathrm{.}59$ percent per year. What is $x$ if Helen expects to have $$97,200\mathrm{.}00$ in $7$ years?

An amount equal to or greater than $$43,593\mathrm{.}00$ but less than $$48,379\mathrm{.}00$

An amount equal to or greater than $$31,454\mathrm{.}00$ but less than $$35,087\mathrm{.}00$

An amount equal to or greater than $$35,087\mathrm{.}00$ but less than $$39,097\mathrm{.}00$

An amount equal to or greater than $$39,097\mathrm{.}00$ but less than $$43,593\mathrm{.}00$

An amount less than $$31,454\mathrm{.}00$ or an amount greater than $$48,379\mathrm{.}00$

QUESTION $3$

Chelsey plans to retire in $6$ years with $$428,000\mathrm{.}00$ in her account, which has an annual return of $6\mathrm{.}28$ percent. If she receives annual payments of $x,$ with her first payment of $x$ received in $7$ years and her last payment of $x$ received in $9$ years, then what is $x,$ the amount of each payment?

$$160,949\mathrm{.}17($plus or minus $10$ dollars$)$

$$151,438\mathrm{.}81($plus or minus $10$ dollars$)$

$$116,964\mathrm{.}67($plus or minus $10$ dollars$)$

$$124,310\mathrm{.}05($plus or minus $10$ dollars$)$

none of the answers are within $10$ dollars of the correct answer