us wll be made. erase the wrong ansv 1. Christopher Columbus discovered America on October aying savin Columbus Day). If he had invested $1 in a New Worid annually, certificate of deposit yielding 2.5 percent, compounde much would it be worth today? A. $1 to $1,000 B. One thousand dollars to one million dollars C. One million dollars to one billion dollars D. One billion dollars to one hundred billion dollars E. More than one hundred billion dollars 12, 1492 (ie, Savings how 2. Peter Minuit was governor of New Netherland ana froma purchase of Manhattan Island from the natives-ergoods or Metoac tribe known as the "Canarsee in exchange valued at 60 guilders, traditionally converted to $2,money in a have sold the trade account that earned 5% per year compounded ann it be worth today? A.24 to $1,000 B. $1,000 to $1,000,000 (that is, one thousand to one million) C. $1,000,000 to $100,000,000 (that is, one million to one hundred million) D. $100,000,000 to $1,000,000,000 (that is, one hundred million to one billion) E. More than $1,000,000,000 (that is, more than one billion) -perhaps from a Lenape d or $24 in 162B, and put the money in a savings annually, how much would 3. For the previous problem, how much would the $24 be worth today if the interest rate was 5% simple interest? A. $34 to $1,000 B. $1,000 to$1,000,000 C. $1,000,000 to $100,000,000 D. $100,000,000 to $1,000,000,000 E. More than $1,000,000,000 4. How much money do you need to deposit into your investment account today if you wish to withdraw $1,500 a month for ten years? You expect to earn an average rate of return of 6 percent per year. Your first withdrawal will be in one month. A. Less than $100,000 B. $100,000 to $125,000 C. $125,000 to $150,000 D. $150,000 to $160,000 E. More than $160,000