Question 1 (1 point) You have recently been given an opportunity to lock-in a 1% monthly interest rate on a savings account. Which of the following options will yield you the highest amount of interest on your 1% interest payments after 12 months? Accumulate 1% a month as an annual percentage growth. Accumulate 1% a month as an annual percentage appreciation. Accumulate 1% a month as an annual percentage rate. Accumulate 1% a month as an annual percentage yield. Another friend of yours just surprised you with some exciting news - she won the lottery! She's been presented with the option to take a lump sum payment of $750,000 today or payments in the amount $75,000 over the next ten years. Assume a 3% interest rate. Which is the preferred option based on the present value of both payouts? O Option A: Take the lump sum payment of $750,000 O Option B: Take the $75,00 payout over 10 years (IVM Calculations). A friend of yours recently asked how much $500,000 would be in 30 years earning a 6% interest rate. What would you tell your friend? O $3,456,568 $4,217,898 O $6,476,910 O $2,871,745 Your Dad has a low risk tolerance. You have explained time after time that his money will not really grow unless he takes on the necessary level of risk. His current investment portfolio is very conservative. He only earned 4% on his portfolio in the past year. At this rate, if Dad currently has $75,000 invested in the stock market, how long will it take for him to double his money? 18 years O 12 years 9 years 16 years