Which of the following has the largest future value if $$1,000$ is invested today?

Question $12$:

a$.$ Five years with annual interest rate of $10\%$

b$.$ Ten years with annual interest rate of $8\%$

c$.$ Eight years with annual interest rate of $9\%$

Suppose Sarah, the investor, wants to have $$10$ million to retire $45$ years from now. How

Question $13$: much would she have to invest today with an annual rate of return equal to $15\%$

a$.$ $$18,561$

b$.$ $$17,844$

c$.$ $$20,003$

d$.$ $$21,345$

Your parents are giving you $$6,000$ a year for five years $($at the end of each year$)$ while you attend college to earn both a bachelor's and a master's degree. At a $7\%$ discount rate,

Question $14$: what are these payments worth to you when you first enter college?

a$.$ $$22,682$

b$.$ $$24,601$

c$.$ $$25,250$

d$.$ $$27,209$

Alice takes a loan of $$50,000$ from RBC Bank. The rate of interest is $10\%$ per annum.

Question $15$: The installments are annual, and the first installment will be paid at the end of year $5.$ Determine the amount of equal annual installments if Alice wishes to repay the amount in five installments.

a$.$ $$13,190$

b$.$ $$22,432$

c$.$ $$19,311$

If YTM of a Bond is less than its Coupon Rate, then the Bond Price will be less than the

Question $16$: Par Value, and the Bond is called "Discount Bond".

a$.$ True

b$.$ False