You invest $$5,200$ today in money market. How much will it worth at the beginning of $19$ th year? The

appropriate discount rate is $6\mathrm{.}1250\%$ compounded semi$-$annually.

A$)$ None of them

B$)$ $$16,361\mathrm{.}72$

C$)$ $$15,403\mathrm{.}79$

D$)$ $$14,501\mathrm{.}94$

E$)$ $$15,160\mathrm{.}80$

Question $3(1$ point$)$

Overnight Trucking recently purchased a new truck costing $$220,000.$ The firm

financed this purchase at $8\mathrm{.}4$ percent interest with monthly payments of $$2,000.$

How many years will it take the firm to pay off this debt?

A$)96\mathrm{.}04$ years

B$)106\mathrm{.}72$ years

C$)13\mathrm{.}84$ years

D$)8\mathrm{.}00$ years

E$)17\mathrm{.}56$ years