Question 21 A sum of $500,000 will be invested by a firm two years from now. If money is worth 12%, what will be the worth of this investment 10 years from now? A. $1,553,000 B. $1,569,000 C. $1,463,100 D. $1,238,000 Question 22 Global Investment Corporation is exploring multiple investment opportunities to invest about $20 M. Four investment opportunities are being carefully evaluated. If the company is interested in maximizing the return on investment, which one is offers the best opportunity. 12% compounded quarterly 11 85% compounded daily. 11.95% compounded monthly. 11.82% compounded continuously. iii. iv. Question 23 To double an investment at an interest rate of 10% compounded annually, it will take exactly 5 years. True/False Question 24 An amount $4,000 is invested today and another $10,000 invested four years from now If both of them earn a simple interest of 10%, the interest accrued at the end of 5 years is $1,400 True/False Question 25 One thousand dollars invested grew to be $3,000 six years hence. If the interest was compounded daily, the interest rate on this investment was 20%. True/False Question 26 If Mohamed Salah invested $10,000 in a good mutual fund that pays an average return of 10%, the investment will be worth $16,110 five years from now. True or False Question 27 It is customary in engineering economic analysis to assume that the stated interest rate is for a one-year period True or False