Question: Can someone please help me Multiple Choice Identt'jj; the choice that best completes the statement or owers the question. 1. Wilson makes monthly payments of

Can someone please help me

Multiple Choice Identt'jj; the choice that best completes the statement or owers the question. 1. Wilson makes monthly payments of $180 into an account that pays 4% per year, compounded monthly. How much money will be in his account in 3 years? a. $6873.00 c. $12l8l.24 b. $6872.68 d. $76 517.94 Marco makes monthly payments of $75 into an account that pays 3.5% per year, compounded monthly. How much money will be in his account in 10 years? a. $10 757.44 c. $10 558.25 b. $10 480.61 d. $11 160.98 Mohammed invested $6500 annually into a mutual fund that averaged 12% net growth per year with interest compounded annually. How much was his investment worth aer 4 years? a. $31065.63 c. $27193.58 b. $2647l.75 d. $34 892.00 Ingrid invested $375 per month in a mutual fund that averaged 10.5% net growth per year with interest compounded monthly. How much was her investment worth aer 6 years? a. $38 003.88 c. $37 391.67 b. $3739l.68 d. $27856.10 A scholarship of $1500 will be awarded to one eligible high school student on each of the following 20 years. If the money can be invested at 10% per year, compounded annually, how much money is needed today to create the scholarship fund? a. $27 528.03 c. $18 693.32 b. $12770.35 d. $23 383.74 An electronics retailer offers a payment plan at 4.5% annual interest, compounded monthly. Customers can pay for a home-theatre system by monthly payments of $247.56 for 2 years. What is the cost of the home- theatre system for a customer paying cash at the time of purchase? a. $6024.58 c. $5617.67 b. $5671.76 d. $6204.85 A furniture retailer offers a payment plan at 9.5% annual interest, compounded monthly. Customers can pay for a living room set by monthly payments of $316.45 for 16 months. What is the cost of the furniture for a customer paying cash at the time of purchase? a. $4731.35 c. $5029.29 b. $4816.52 d. $4738.08

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