Question

1. If your account compounds quarterly how many times does it compound a year?
   1. 0
   2. 2
   3. 6
   4. 4
   5. 8

2. If your account compounds semi-annually how many times does it compound a year?
   1. 0
   2. 2
   3. 6
   4. 4
   5. 8

3. If your account compounds bi-weekly, how many times does it compound in 4 months?
   1. 2
   2. 4
   3. 8
   4. 12
   5. 16

4. Suppose when you were born your grandma deposited money in an account for you growing at 12% for 20 years. If there is $96,462.93 in the account after the 20 years, how much did your grandma put in the account when you were born?
   1. $5,000
   2. $1,000
   3. $10,000
   4. $8,000
   5. $12,000

5. Suppose you had $9,321.91 in investments after 20 years just from starting with only $2,000. At what rate did the account grow?
   1. 10%
   2. 8%
   3. 12%
   4. 15%
   5. 6%

6. On your 10^thbirthday you decide you want to be rich when you’re older, so you take your $267.33 you got from gifts and deposit it into an account that will grow at 10% for the next 40 years. How much money will be in the account after 40 years?
   1. $12,099.16
   2. $10,674.53
   3. $13,322.87
   4. $9,876.49
   5. $11,698.74

7. Let’s say you put $5,000 in an account that grew at a 15% rate which has now turned into $81,832.69 How long was the money in the account for?
   1. 10 Years
   2. 20 Years
   3. 15 Years
   4. 25 Years
   5. 30 Years

8. You walk into a bank and the teller says you have $42,853.76 in an account you haven’t touched in 27 years that grew at a 10% rate. How much money did you initially put into this account 27 years ago?
   1. $5,238.53
   2. $4,833.90
   3. $2,998.47
   4. $3,268.79
   5. $3,449.21

9. You just turned 16 and get your first job. You decide you want a car when you graduate college in 7 years. To reach that goal you will put $5,000 in an account annually that grows at 10% until you’re 23. How much will you have saved for a car upon graduation?
   1. $47,435.86
   2. $54,663.78
   3. $42,874.45
   4. $36,532.83
   5. $45,132.12

10. When you turn 20 you decide you want to start a retirement account which you will add $1,000 annually to. If the account grows at an 12% rate for the next 40 years, how much will be in the account when you retire at 60?
    1. $702,990.30
    2. $675,437.87
    3. $802,654.66
    4. $577,864.93
    5. $767,091.42

Answer 1

as per HomeworkLib policy please find below answer of first 4 question.. for rest of question please raise new request.

Ans 1	correct answer is option	d	4
Ans 2	correct answer is option	b	2
Ans 3	correct answer is option	e	8
Ans 4
	Amount invested =	=96462.93/(1+12%)^20
		10000
	Correct answre is option	c	10000