You deposit $1,000 in a savings account that pays 9 percent interest, compounded quarterly. How much will your account be worth in 6 years? $1, 608.44 $2, 067.22 $1, 377.10 $1, 705.77 $1, 950.99 How many years would it take $50 to triple if it was invested in a bank that pays 8% per year? 16.24 12.75 11.58 18.85 14.27 Suppose you invested $800 in stocks 10 years ago. If your account is now worth $5, 875, what rate of return did your stocks cam? 15.02% 22.07% 13.05% 18.08% 11.03% The next two questions are based on the following: You want to buy a house for $250,000 and the terms are 20 percent down, the balance to be paid off over 30 years in monthly installments at 7 percent rate of interest. What is your monthly mortgage payment? $1, 593 $1, 330.60 $24, 829 $1, 199.10 $1, 467.53 What is the total interest you paid during the first 4 years of the loan life? $62, 879.48 $54, 818.13 $65.147.36 $78, 191.47 $42, 256.38