$15$ A client invests $$1,000$ every month, at the beginning of the month, beginning one month from foday, for the next twenty five years. The account is expected to earn $4\mathrm{.}35\%,$ compounded monthly, the balance in $25$ years

a$.432,335\mathrm{.}33$

b$.540,970\mathrm{.}91$

c$.$

$677,215\mathrm{.}68$

d

$722,511\mathrm{.}01$

$16$ Refer to the previous question. If inflation is expected to be $3\%$ over the next $25$ years, using the real rate of interest, $($nominal minus inflation$),$ recalculate the previous question, reflecting the FVA's purchasing power in $2024$ dollars. $($use the "real rate" of interest$)$

a$.$

$336,783\mathrm{.}49$

b$.$

$356,598\mathrm{.}91$

c$.$

$436,783\mathrm{.}49$

d

$505,315\mathrm{.}25$

$17$ Serpentini Ford offers to sell your company a new Ford Mustang at MSRP$,($Manufacturers Suggested Retail Price$)$ and, of course, outstanding financing. The price is $$42,000$ and the advertised rate is $5\mathrm{.}35\%.$ Calculate monthly payments on this $5$ year loan.

a$.$

$737\mathrm{.}33$

b$.$

$786\mathrm{.}42$

c$.$

$799\mathrm{.}34$

d$.$

$816\mathrm{.}87$

$18$ If the Federal Reserve Bank lowered the reserve requirement, this would $($best answer$)$

a$.$ reduce demand for stocks

b$.$ destabilize the money supply

c$.$ reduce the money supply

d$.$ increase the money supply

$19$ A German bond Issued in Japan, in Japanese Yen

a$.$ is a municipal bond

b$.$ is a foreign bond

c$.$ is an international bond

d$.$ is a eurobond