1 mark each. Part A: Multiple Choice Questions. Answer ALL questions in pencil on the scantron AND circle your answer on this test paper. There will be no remarking of this section, so ensure you have correctly shaded the scantron with a pencil. 1. What amount could Jethri borrow at 6.6% compounded monthly if he can afford to make monthly payments of $775 for 25 years? N = A) $40,688 B) $92,867 C) $101,106 D) $113,725 E) $217,155 1/Y= PV = 1/Y = PV = 2. What semi-annually compounded rate is equivalent to 4% compounded monthly? A) 3.92% N = C/Y = PMT= B) 3.97% C) 4.00% D) 4.03% E) 4.07% I/Y = PV = PMT= FV = I/Y = P/Y= PV = FV = P/Y = 3. If $2,000 were invested at the end of every three months, how long would it take to accumulate $475,000 at 10% compounded quarterly? (Round up to the nearest whole year) A) 79 years C/Y = N = B) 14 years C) 27 years D) 60 years E) 20 years PMT= Page 2 FV = 4. You currently have $25,000 and wish to invest it for retirement. If you wish to have $400,000, how long will it take if