1. How much money would you have at the end of 10 years if you made deposits of $4,000 at the end of every three months into an investment that accumulated at 9% compounded quarterly?
o $60,772
o $168,781
o $255,145
o $1,351,530
o $667,273
2. How much money would you have at the end of five years if you made deposits of $450 at the end of every month into an investment that accumulated at 18% compounded monthly?
o o $116,843
o o $43,297
o o $31,860
o o $27,000
o o $17,721
3. Terri and Larry plan to invest $5,000 at the end of each year in an individual retirement account earning a rate of return of 11% compounded annually. What will be the value of the account after 15 years?
o $119,864
o $172,027
o $198,215
o $214,739
o $359,543
4. If you want to purchase an annuity providing an income of $2000 at the end of each month for five years, how much will it cost if the purchase funds earn 18% compounded monthly?
o $192,429.30
o $78,760.54
o $80,681.00
o $4886.44
o $818.60