You plan to invest an amount of money in ten-year certificate of deposit (CD) at your bank. The stated interest rate is 6%, compounded Quarterly. How much must you invest if you want the balance in the CD account to be $7,500 in ten years?

Group of answer choices

$4,134.47

$3,476.45

$3,934.51

$4,934.22

__________________

You plan to invest an amount of money in five-year certificate of deposit (CD) at your bank.

The stated interest rate applied to the CD is 12%, compounded daily.

How much must you invest if you want the balance in the CD account to be $10,000 in five years?

Group of answer choices

$6,979.90

$3,600.00

$5,488.66

$4,823.13

_____________________________

If I invest $1,000 into an account which returns 9% annually but is compounded quarterly how much will have in 15 years?

Group of answer choices

$2,158.93

$2,308.04

$3,800.14

$2,435.19

__________________

You purchase a perpetuity for $20,000 If your required rate of return is 8% annually. what should your annual payments be?

Group of answer choices

$2,083.38

$250,000

$1,600

$1,333.36

____________________

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