1. What is the value after 20 years of a one-time lump sum investment of $25,000 today in an interest bearing account with a 7% rate of return, compounded annually? (Note: Answers rounded to nearest dollar).
2. 1. $35,000
   2. $6,461
3. 3. $96,894
4. 4. $96,743
   5. $500,000
5. Consider the list of individuals below and their personal discount rates. All else equal, which individual will have the lowest present valuation of (lowest preference for) future cash flows?
6. 1. Individual A (discount rate = 0.03%)
   2. Individual B (discount rate = 52%)
   3. Individual C (discount rate = 7%)
   4. Individual D (discount rate = 15%)
   5. Individual E (discount rate = 4%) 3. How much money would you need to invest annually to have an account balance of $2,000,000 15 years from if the account has a 12% annual rate of return? (Note: Answers rounded to nearest dollar).
   6. 1. $51,130
      2. $365,400
      3. $423,500
      4. $53,600
      5. $52,253