Please show work clearly and neat and circle answer. Answer 15-19

15. years. The bank You can afford car payments of $400 a month for will len mlond you money at 2.90 peroent interest CAPR), How much oan you borrow? A. Less than $20,000 B. $20,000 to $22,000 C. $22,000 to $24,000 D. $24,000 to $26,000 E. More than $26,000 16. Last year on spring break in Puerto Vallarta, you treated everyone to cocktails. When you woke up, you learned you had signed the credit card bill for $2,000. If the interest rate on the credit card is 20% and you make the mintmum monthly payment of $25 per month, how long will it take you to pay off the bill? A. Less than 2.0 years B. 2.0 years to 3.0 years C. 3.0 years to 4.O years D. 4.0 years to 50 years E. You'll never pay it off unless you increase the monthly payment. 17. Which of the following occur(s) with Quantitative Easing? A. The Federal Reserve buys financial assets from banks and other institutions B. The Federal Reserve stimulates the economy. C. The Federal Reserve prints a lot of money D. All of the above. E. None of the above. 18. You expect to receive $200 at the end of one year, $400 at the end of two years, $600 at the end of three years, and $800 at the end of four years with a discount rate of 12%, what are these cash nows worth now? A. Less than $1,000 B. $1,000 to $1,100 C. $1,100 to $1,100 D. $1,100 to $1,200 E. More than $1,200 19. Suppose you invested in the NASDAQ when it hit its high of 4,698 on February of 2000. In February of 2010, it was at a level of 2,100. What was your annual average compound growth rate over the period? Stated differently, what was your annualized return for the period? A. Greater than a 10% loss B. Aloss of 10% to 0% C. Again of 0% to 10% D. Again of 10% to 15% B. A gain greater than 18%