You want to be a millionaire when you retire in $30$ years and expect to earn $8\mathrm{.}5$

percent compounded monthly. How much more will you have to save each month

if you wait $10$ years to start saving versus if you start saving at the end of this

month?

Multiple Choice

$$947\mathrm{.}22$

$$1,046\mathrm{.}80$

$$808\mathrm{.}47$

$$841\mathrm{.}15$

$$989\mathrm{.}10$ to $4,$ ctively. Pro, and $$8,500$ for Years $1$ to $4$ectively. Which one of the following sents is true rning tn a positive disco? $($No calcul

Multiple Choice

nt

nces

Bd of Year $4.$

Both projects have the same value at Time O$.$

Both projects are ordinary annuities.

Project Y has a higher present value than Project X$.$

Project X has both a higher present and a higher future value than Project Y$.$