Suzette is going to receive $10,000 today as the result of a settlement. In addition, she will receive $16,000 one year from today and $25,000 two years from today. She plans on saving all. of this money and investing it for her retirement. If Suzette can earn an average of 11% on her investments, how much will she have in her account if she retires 24 years from today? A. S536.124.93 B. $547.151.19 C. S546,072.91 D. S570,008.77 E. $595.098.67

2. You are borrowing money today at a 7.5% interest rate. You will repay the principal plus all the interest in one lump sum of S1,700 in two years. What is the amount of the loan proceeds? A. S1,471.07 B. $6.143.86 C. $1,250.00 D. S1,418.30 E. $1.489.99

3. you won a $40.000 lottery and have the option of receiving the money in two

different payment streams. The first option pays $2,000 for each of the next twenty years. The

second option pavs 1.810 in the first year, but increases S2U each year. until the final year

where you will receive $2,190. Which option would you select and why? Is there a

consideration that you would be indifferent to either option?

5. Tata Inc. borrowed $135.000 from the bank today. They must repay this money over the next

six years by making monthly payments of $2,215.10. What is the interest rate on the loan?

A4.71%

B5 65%

. 6.13%

D 6.38%

E 9. 63%