QUESTION 13 If Sam borrows $24,000 at an interest rate of 5% per year for 4 years, how much should he pay every month to pay off the loan completely? A. $1,328 OB. $553 C. $68 D. $606 QUESTION 14 Costco invests in a project that will generate $10,000 on January 1, 2014, $23,200 on May 8, 2014, $32,000 on September 21, 2014, $42,000 on May 18, 2015 and $55,000 on October 21, 2015. If the discount rate is 5%, what is the present value of the project? O A. $153,347.25 B. $151,615.14 C. $158,329.23 O D. . $154,041.10 An employee's retirement account currently has a balance of $612,000. The employee contributes $3322 at the end of each month and the annual rate of interest is 5%. If interest is compounded monthly, what will be the balance in the account after 15 years? O A. $2,181,521 . $1,592,880 C. $702,695 OD. $887,933