Question $1$: Five years from now, you would like to have $$6,000$ in your savings account. If your

account earns $3\mathrm{.}5\%$ interest, how much do you need to deposit today?

a$)32,174\mathrm{.}80$

b$)27,090\mathrm{.}31$

c$)5,051\mathrm{.}84$

d$)7,126\mathrm{.}12$

e$)$ None of the above

Question $2$: Considering the following scenario. In years $0,2,4,6$ and $8,$ you deposit $$750$ in

your savings account. The savings account earns $4\mathrm{.}25\%$ compounded annually. What is the

future value in year $10?$

a$)4,847\mathrm{.}22$

b$)2,941\mathrm{.}57$

c$)9,109\mathrm{.}67$

d$)6,008\mathrm{.}17$

e$)$ None of the above

Question $3$: You are currently thinking about starting a fund for your kid's future. You want to

deposit $$4,000$ every year for $35$ years with an annual increase of $$750.$ At the end of the $35|$

years, how much will you have accumulated for your kids? Consider an interest rate of $6\%.$

a$)4,101,712\mathrm{.}82$

b$)96,644\mathrm{.}44$

c$)182,299\mathrm{.}28$

d$)1,401,172\mathrm{.}82$

e$)$ None of the above

Question $4$: Every year for $10$ years starting year $2,$ you deposit $$2000$ in a savings account that

earns $7\%$ yearly. What is the present value of this series?

a$)14,720\mathrm{.}20$

b$)13,887\mathrm{.}04$

c$)27,632\mathrm{.}90$

d$)3,934\mathrm{.}30$

e$)$ None of the above

Question $5$: what is the effective quarterly interest rate considering an APR of $10\%$

compounded continuously?

a$)5\mathrm{.}12\%$

b$)0\mathrm{.}83\%$

c$)2\mathrm{.}53\%$

d$)3\mathrm{.}77\%$

e$)$ None of the above