Silver & Co makes monthly (end-of-period) payments of $300 into a retirement plan earning 12 percent per year compounded monthly for 40 years. How much Interest will it have cared in 40 years?$2,761,529.11

S1,062,030

C $3,385,431.75

$2,617,529.11

$3,529,431.75

$144,000

What is the most you should pay to receive the following cash flows if your required rate of return is 8 percent?

$5.000

Year 1-3

Year 4-6

Year 7-9

Years 10

S8.000

S10,000

$15,000

$16,878.34

• 547.202.31
• S52,439.73
• S14,451.02 S55,687.75 $40,639.31

Jane's daughter will be going to college at the end of six years. She wishes to have a fund that will provide her daughter $15,000 per year (end of each year) for each of her four years (which is end of years 7, 8, 9, 10) in college.

How much must you put into that fund today if the fund will earn S percent in each of the 10 years?

$49,681.90

$31,308.03

S18,165.79

S17,878.50

$24,360.12

After graduation, you plan to work and save for 10 years and then start your own business. You curreatly hare $50,000 which you will invest immediately (year 0. In addition, you expect to save and deposit $15,000 a year for the first S years (year 1 through year S) and $10,000 annually for the followingS years (year 6 through year 10). If the accoust earns 10% compounded annually, how much will you in your account have when you start your business 10 years from

nois?

$215,837.17

5338,223.00

5247,442.01

S319,586.87

$208,535.87