Sophie invests $$2,000$ in a certificate of deposit. The account earns $8\mathrm{.}5\%$ interest, compounding monthly. She leaves the money in the account for eight years. How much money will Sophie have in the account after the eight years?

Group of answer choices

$$1,015\mathrm{.}67$

$$5,038,309\mathrm{.}72$

$$3,938\mathrm{.}30$

$$3,841\mathrm{.}21$

Flag question: Question $2$

Question $20\mathrm{.}25$ pts

Matt invests $$1,000$ in a special savings account. The account earns $8\mathrm{.}00\%$ annually. He leaves the money in the account for $12$ years. How much money will Matt have in the account after the $12$ years?

Group of answer choices

$$2,475\mathrm{.}96$

$$1,083\mathrm{.}00$

$$2,518\mathrm{.}17$

$$397\mathrm{.}11$

Flag question: Question $3$

Question $30\mathrm{.}25$ pts

Clark and his family inherited $$7,523$ from a relative. They want to purchase a home in seven years. They plan to invest the money and let it grow for a down payment. If they invest it in a growth fund that earns $11\mathrm{.}75\%$ annually, how much will they have for a down payment at the end of the seven years?

Group of answer choices

$$13,498\mathrm{.}89$

$$13,710\mathrm{.}67$

$$3,456\mathrm{.}67$

$$16,372\mathrm{.}83$

Flag question: Question $4$

Question $40\mathrm{.}25$ pts

Andrew has $$7,000$ he wants to put towards his retirement. He has two options $(1)$ a $30-$year certificate of deposit that earns $10\mathrm{.}5\%$ annually, or $(2)$ a mutual fund that earns $10\%$ with monthly compounding. How much will be in each account after the $30-$year period?

Group of answer choices

$($Option $1)$ $$139,947\mathrm{.}90($Option $2)$ $$122,145\mathrm{.}82$

$($Option $1)$ $$161,129\mathrm{.}56($Option $2)$ $$122,145\mathrm{.}82$

$($Option $1)$ $$29,050\mathrm{.}00($Option $2)$ $$28,000\mathrm{.}00$

$($Option $1)$ $$139,947\mathrm{.}90($Option $2)$ $$138,861\mathrm{.}80$

Flag question: Question $5$

Question $50\mathrm{.}25$ pts

Debbie has saved up $$4,000$ and wants to purchase a certificate of deposit to ensure that it will grow. Her bank offers $6\%$ on CD$\text{'}$s that will mature in $10$ years. How much will Debbie receive when the CD matures?

Group of answer choices

$$7,163\mathrm{.}39$

$$6,400\mathrm{.}00$

$$7,277\mathrm{.}59$

$$2,233\mathrm{.}58$

Flag question: Question $6$

Question $60\mathrm{.}25$ pts

Luke wants to save for a down payment on a home that he plans to purchase $5$ years from now. He can invest $$4,600$ today $($PV$)$ in a mutual fund that promises $8\mathrm{.}5\%$ return, compounding monthly. How much will Luke have for the down payment $($FV$)?$

Group of answer choices

$$6,555\mathrm{.}00$

$$7,025\mathrm{.}58$

$$6,916\mathrm{.}82$

$$3,011\mathrm{.}85$

Flag question: Question $7$

Question $70\mathrm{.}25$ pts

Ingrid has $$6,500$ that she can invest for $20$ years towards her retirement. Her two options are the following $(1)$ A certificate of deposit that earns $13\%,$ weekly compounding, or $(2)$ a mutual fund that earns $13\mathrm{.}5\%,$ compounding annually. Assume there are $52$ weeks in the year. How much money will be in each account at the end of the $20$ years?

Group of answer choices

$($Option $1)$ $$87,230\mathrm{.}81($Option $2)$ $$95,271\mathrm{.}21$

$($Option $1)$ $$86,299\mathrm{.}15($Option $2)$ $$95,271\mathrm{.}21$

$($Option $1)$ $$87,230\mathrm{.}81($Option $2)$ $$81,814\mathrm{.}56$

$($Option $1)$ $$23,400\mathrm{.}00($Option $2)$ $$24,050\mathrm{.}00$

Flag question: Question $8$

Question $80\mathrm{.}25$ pts

A PV of $$4,250$ is invested in an account that earns $10\mathrm{.}5\%$ with monthly compounding for $28$ years. What is the FV$?$

Group of answer choices

$$69,587\mathrm{.}74$

$$79,370\mathrm{.}84$

$$26,713\mathrm{.}74$

$$16,745\mathrm{.}00$

Flag question: Question $9$

Question $90\mathrm{.}25$ pts

Harry is starting high school and wants to save for college. He will start college in four years and has $$1,500$ that he can deposit today. If he finds a special savings account that earns $7\%,$ compounding monthly, then how much money will be in Harry's account when he starts college?

Group of answer choices

$$1,983\mathrm{.}08$

$$1,966\mathrm{.}19$

$$1,144\mathrm{.}34$

$$1,920\mathrm{.}00$

Flag question: Question $10$

Question $100\mathrm{.}25$ pts

Larry and Bob just sold their veggie trailer to Barbara for $$6,000.$ They agreed to keep the money together and invest it in the money market to earn a little extra cash. They found one agency that promised an annual return of $11\mathrm{.}5\%.$ If they invest the money and keep it there for five years, how much will be in their account at the end?

Group of answer choices

$$10,633\mathrm{.}63$

$$10,340\mathrm{.}12$

$$3,481\mathrm{.}58$

$$9,450\mathrm{.}00$