Question 3: If the population of the bacteria Myxococcus Xanthus doubles every 15 days estimate the daily rate by which the bacteria grows.

a): 100% b):2.4 % c): 3.89% d): 4.73 % e): 6.87% f. other

Question 4: Find how much money you still owe to a bank if there are 194 monthly payments left to be made on a 30 year, fixed rate mortgage loan, with a 4.5% fixed interest rate and a monthly payment of $2,870.

a): $395,080.37 b): $405,467 .32 c): $469,875.44 d):$498,444.45 e): other

Question 5: You owe $ 40,000 in college loans with an average interest rate of 6.5%, which must be paid making monthly payments- in the next 10 years. Find your monthly payment.

a): $398.37 b): $454.20 c): $478.69 d): $504.01 e): Other

Question 6: For a 30 year mortgage loan of $500,000 loan with a fixed interest rate of 4% and interest only monthly payments, the monthly payment will be;

a): $2,250.00 b): $1,750.00 c): $1,666.67 d): $1,500.00 e): Other

Question 7: You estimate that by the time you retire in 40 years- to purchase an annuity which will be adequate to finance your retirement will cost you close to $2,000,000. If you can invest annually a constant amount of money X, at an interest rate of 4.25%, for the next 40 years, how much should X be in order to accumulate the $2,000,000 needed?

a): $15,195.11 b) $17,213.57 c) $18,785.24 d) $19,836.77 e): Other

Question 8: A young doctor with gross annual income of $ 280,000 is seeking to buy a house which has annual Real Estate taxes and Insurance expenses of $24,000. If the she has to put down 20% towards the purchase of the house and can get a 30 year fixed rate loan at a rate of 3.50%, what is the maximum offer it should make to the seller?

a): $1,326, 897.00 b): $1,721,357 c): $1,878,524 d): $1,983,677 e):Other