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1. If $10,000 is invested at 9% compounded annually, what is the amount after 8 years?

   1.   ?    $19925.63
   2.   ?    $17,200
   3.   ?    $5018.66
   4.   ?    None of the answers given; click to see the solution.

2. If $2500 is invested at 7.2% compounded quarterly, what is the amount after 3 years?

   1.   ?    $3096.80
   2.   ?    $5758.08
   3.   ?    $2637.44
   4.   ?    $3079.81
   5.   ?    None of the answers given; click to see the solution.

3. If an investment pays 9% compounded monthly, how much should you deposit now in order to have $5000 4 years from now?

   1.   ?    $3493.07
   2.   ?    $7157.03
   3.   ?    $3542.13
   4.   ?    None of the answers given; click to see the solution.

4. How much interest will be earned on an investment of $6500 at 12% compounded semi-annually for 5 years?

   1.   ?    $5140.51
   2.   ?    $11640.51
   3.   ?    $4955.22
   4.   ?    None of the answers given; click to see the solution.

5. Suppose you have just been given a bonus of $5000 and you have the opportunity to invest it at 9% compounded monthly. How many years will it take at this rate for the investment to grow to $8000?

   1.   ?    About 5.24 years
   2.   ?    About 62.9 years
   3.   ?    About 6.7 years
   4.   ?    None of the answers given; click to see the solution.

6. Find the effective rate of 9.6% compounded monthly.

   1.   ?    10.03%
   2.   ?    .8%
   3.   ?    9.6%
   4.   ?    None of the answers given; click to see the solution.