Gary has recently won the lottery and the gaming department gave him four options as shown...

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Gary has recently won the lottery and the gaming department gave him four options as shown below. If the current annual interest rate is 3.50% and that he wants to receive the maximum reward in today's value, which option will you advise him to take? O a. Receive $240,000.00 a year for 20 years O b. Receive a lump sum of $3.5 million today O c. Receive $5,800.00 a week for 15 years O d. Receive $18,000.00 a month for 25 years Ruth purchased 10 bonds of Bangor Ltd. at 86.75 with a commission of $10.00 per bond purchase. If the coupon rate is 4.65%, what is her total annual interest amount (round to the nearest cent)? O a. $46.50 O b. $465.00 c. $536.02 d. $436.02 52 Weeks High: 19.27 52 Weeks Low: 14.37 Last Closing Price: 17.21 Annual Dividend per Share: 1.21 PE: 21.20 What is the stock yield? O a. 7.03% O b. 6.28% O c. 8.42% O d. 5.71% Jonathan plans to repay $320,000.00 in 14 years with a sinking fund. If the interest rate is 8.13% compounded biweekly, how much will he pay every two weeks (round to the nearest cent)? O a. $503.56 O b. $472.97 O c. $513.94 O d. $472.35 Gary has recently won the lottery and the gaming department gave him four options as shown below. If the current annual interest rate is 3.50% and that he wants to receive the maximum reward in today's value, which option will you advise him to take? O a. Receive $240,000.00 a year for 20 years O b. Receive a lump sum of $3.5 million today O c. Receive $5,800.00 a week for 15 years O d. Receive $18,000.00 a month for 25 years Ruth purchased 10 bonds of Bangor Ltd. at 86.75 with a commission of $10.00 per bond purchase. If the coupon rate is 4.65%, what is her total annual interest amount (round to the nearest cent)? O a. $46.50 O b. $465.00 c. $536.02 d. $436.02 52 Weeks High: 19.27 52 Weeks Low: 14.37 Last Closing Price: 17.21 Annual Dividend per Share: 1.21 PE: 21.20 What is the stock yield? O a. 7.03% O b. 6.28% O c. 8.42% O d. 5.71% Jonathan plans to repay $320,000.00 in 14 years with a sinking fund. If the interest rate is 8.13% compounded biweekly, how much will he pay every two weeks (round to the nearest cent)? O a. $503.56 O b. $472.97 O c. $513.94 O d. $472.35

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