Question:Question 1(1 point)

What would be the yearly earnings for a person with $12100 in savings at an annual interest rate of 11.8% percent?

(Round your answer to the nearest whole number.Do not includethe comma, period, and "$" sign in your response.)

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Question 2(1 point)

What is the future value of $4130 11 years from now at 4 percent?

Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

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Question 3(1 point)

What is the future value of $2825 saved each year for 10 years at 10 percent?

Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

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Question 4(1 point)

What is the amount a person would have to deposit today (present value) at 2 percent interest rate to have $4050 saved 8 years from now.

Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:Question 4 options:

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Question 5(1 point)

What is the amount you would have to deposit today to be able to take out $2160 a year for 19 years from an account earning 2 percent.

Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

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Question 6(1 point)

If you desire to have$64700 for a down payment for a house in 13 years, what amount would you need to deposit today? Assume that your money will earn 4 percent.

Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:Question 6 options:

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Question 7(1 point)

Pete Morton is planning to go to graduate school in a program of study that will take4years. Pete wants to have $21400available each year for various school and living expenses. If he earns3percent on his money, how much must be deposit at the start of his studies to be able to withdraw$21400a year for4years?

Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:Question 7 options:

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Question 8(1 point)

Carla Lopez deposits $12790 a year into her retirement account. If these funds have an average earning of8 percent over the15 years until her retirement, what will be the value of her retirement account?

Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:Question 8 options:

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Question 9(1 point)

If a person spends $31a week on coffee (52 weeks in a year), what would be the future value of that amount over8years if the funds were deposited in an account earning9percent?

Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:Question 9 options:

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Chapter 1 LO 1.3

Question 10(1 point)

Question 10 options:

A financial company that advertises on television will pay you $58,000 now for annual payments of $10,900 that you are expected to receive for a legal settlement over the next 9 years. Assume you estimate the time value of money at 10 percent.

Use the appropriate time value of money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D].

(a)What is the present value?

(Round your answer to the nearest whole number. Omit thecomma, period, and"$" sign in your response.)

(b)Would you accept this offer?

[Enter "Yes" or "No"]

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