You received a savings account with $100 on your 1st birthday. If the account earns 5% per year, how much will you have in the account on your 20th birthday, if you don't withdraw any money before then? 6. a.$253 a$195 C.$200 $%241 e. $265 7. The shares of Dilly Dilly stock will pay a dividend of $3.00 next year. After that time, the dividend will grow at a constant rate. If investors require a return of 12%, and the current share price of Dilly Dilly is $37.50, what is the expected growth rate in dividends? 12.5% 4.0% 6.4% b C. 8.0% -3.2% You have some money to invest. You are comparing two alternatives: Account X, which earns 6% compounded annually, or Account Y, which earns 5.94% compounded semiannually, which would you choose and why? 8" _X because it has a higher effective annual rate X because it has a higher quoted rate C. - because it has a higher effective annual rate Y because the future value in one year is lower Y because it has a higher quoted rate