Question: Hello these are sample questions for my test that is very soon we are allowed scientific calculators and a review sheet with any formulas and

Hello these are sample questions for my test that is very soon we are allowed scientific calculators and a review sheet with any formulas and definitions that we may need i need assembly this sheet, can you please give any formulas or definitions i might need for the test

18) Suppose that you invested $100 in a bank account that earned an annual rate of return of 10%. How much would you have in that bank account at the end of 10 years?

A) $259.37

B) $238.55

C) $293.74

D) $214.46

E) $279.23

23) Your great-uncle placed $500 a year in a bank account for your "college fund" for each of the last 18 years. How much is now in your college account (at the end of the eighteenth year) if your account earned an annual rate of return of 6%?

A) $15,452.83

B) $15,175.17

C) $16,427.17

D) $15,413.80

E) $15,546.18

16) Suppose that you had deposited $100 in a bank account for each of the last 5 years. What annual interest rate is attached to this account if there is now (at the end of the fifth year) $758.92 in the account?

A) 10%

B) 16%

C) 19%

D) 21%

E) 23%

33) if you can save $10,000 per year for the next 25 years, what annual rate of return would you have to have to turn it into $847,009?

A) 11%

B) 9%

C) 7%

D) 14%

8) What is the present value of an IOU for $1,000 due to be paid in two years, if the discount rate is 8%?

A) $857.34

B) $766.40

C) $885.00

D) $683.26 E) $810.77

10) What is the present value of an annual payment of $1,500 discounted back 15 years at an annual rate of return of 3%?

A) $10,663.87

B) $12,334.56

C) $13,449.87

D) $17,906.90

26) Three years ago you purchased a share of CompUTech stock for $32, which you could sell today at the current market price of $252. What would be your capital gain on the sale, ignoring commissions?

A) $32

B) $220

C) $252

D) $284

36) Contributing $2,000 into a tax-deferred retirement plan in a 28% tax bracket will save A) $70.

B) $140.

C) $280.

D) $560.

E) It depends on the exemptions and deductions claimed.

10) You are considering an MMMF. The fund is taxable and pays 8.5% interest. If your top federal tax bracket is 25% and you live in a state that doesn't impose income taxes, what after-tax return would you realize from this investment?

A) 6.38%

B) 2.13%

C) 7.44%

D) 8.25%

31) Assuming the APR on your credit card is 18% and your average daily balance this month was $10,000, what will your interest or finance charges for the month be?

A) $180

B) $60

C) $150

D) $1.50

please help due very soon

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