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Suzie has $16,000 in her investment account today. She saves an additional $2,000 a year for the next three years and earns 8% interest compounded

  1. Suzie has $16,000 in her investment account today. She saves an additional $2,000 a year for the next three years and earns 8% interest compounded annually. How much money will she have in her account three years from now?

    A.

    $22,000.00

    B.

    $30,780.05

    C.

    $26,648.19

    D.

    $26,997.91

  1. You just won a prize and will receive $5,000 today plus $5,000 one year from now. What is this prize worth to you today, if you can earn 9% on your investments?

    A.

    $9,174.31

    B.

    $9,587.16

    C.

    $10,000.00

    D.

    $10,450.00

  1. If a bond's coupon rate equals its yield to maturity, the bond is selling at ____________.

    A.

    a discount

    B.

    par

    C.

    a premium

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