Suppose that you have $100 to invest for a period of 5 years at an interest rate of 10% per year. How much will you have accumulated at the end of this time period?

Group of answer choices

161.05

200.90

150.00

110.10

Mary and Joe just got married and received $30,000 in cash for their wedding. How much will they have on their 25^th anniversary if they place half of this money in a fixed-rate investment earning 7% compounded annually?

Group of answer choices

81411.49

162822.98

32100

41250

Suzys parents have promised her $2000 on her 21^st Suzy is now 10. What amount must her parents put away today if it is expected to earn 4% annually?

Group of answer choices

2400

1299.16

940.50

1120.00

Suppose that you are offered an investment that will pay you $1,000 per year for 10 years. If you can earn a rate of 9% per year on similar investments, how much should you be willing to pay for this annuity?

Group of answer choices

6417.66

10000

9090.22

10326.88