Question: 13) How much interest will be earned in the next year on an investment paying 12% 13) compounded annually if $100 was just credited to

 13) How much interest will be earned in the next year

13) How much interest will be earned in the next year on an investment paying 12% 13) compounded annually if $100 was just credited to the account for interest? A) $200 B) $100 C) $88 D) S112 14) 14) The present value of an annuity stream of $100 per year is $614 when valued at a 10% rate. By approximately how much would the value change if these were annuities due? A) S6.14 x Number of years in annuity stream B)$10 C) $ | 0 Number of years in annuity stream D) $61.40 15) 15) Eighteen years from now, 4 years of college are expected to cost $150,000. How much more must be deposited into an account today to fund this expense if you can earn only D) $14,006.4 8% on your savings rather than the l 1% you hope to earn? A) $14,614.03 B) $ 13,609.21 C) $12,211.18

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