Shortly after graduation, you put $$3,000$ into an account that gives you $12\%$ interest.

How much will you have in $25$ years if you make no further deposits and do not

withdraw any money over that time period?

A$.$ $$9,000\mathrm{.}00$

B$.$ $$12,000\mathrm{.}00$

C$.$ $$12,300\mathrm{.}00$

D$.$ $$51,000\mathrm{.}19$

E$.$ None of the above

$2.$ What is the future value of the following ordinary annuity: $$750$ per year for $12$ years

at $12\%$ annually compounding interest?

A$.$ $$4,237\mathrm{.}67$

B$.$ $$8,400\mathrm{.}00$

C$.$ $$13,161\mathrm{.}55$

D$.$ $$18,099\mathrm{.}85$

E$.$ None of the above

$3.$ You just received a cash advance offer in an email. The company is offering you

$$15,000$ at $17\mathrm{.}9$ percent interest compounded monthly. The monthly payment is

only $$325.$ If you accept this offer, how long will it take you to pay off the loan if

you continue to pay the minimum monthly payment?

A$.5\mathrm{.}32$ years

B$.6\mathrm{.}56$ years

C$.12\mathrm{.}65$ years

D$.17\mathrm{.}11$ years

E$.$ None of the above

$4.$ If you invest $$8,000$ today into a savings account that pays $5\mathrm{.}25\%$ interest

compounded daily, what will your balance be $10$ years from now?

A$.$ $$13,344\mathrm{.}77$

B$.$ $$13,523\mathrm{.}16$

C$.$ $$14,668\mathrm{.}29$

D$.$ $$14,945\mathrm{.}17$

E$.$ None of the above