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###### Finance

1.You deposit \$20 per week into an account earning interest compounded weekly. If in four years you have accumulated \$5,250 what annual interest rate are you receiving? Round to 2 decimal places. %

2. Much to your surprise, you were selected to appear on the TV show "The Price is Right." As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: \$1,700 today, \$10,000 in 15 years, or \$31,000 in 28 years. Assuming that you can earn 7 percent on your money, which should you choose? If you are offered \$10,000 in 15 years and you can earn 7 percent on your money, what is the present value of \$10,000? \$ 3624.46 (Round to the nearest cent.) If you are offered \$31,000 in 28 years and you can earn 7 percent on your money, what is the present value of \$31,000? \$ 4662.47 (Round to the nearest cent.) Which offer should you choose? (Select the best choice below.) O A. Choose \$1,700.00 today because its present value is the highest O B. Choose \$10,000.00 in 15 years because its present value is the highest OC. Choose \$31,000.00 in 28 years because its present value is the highest.

3.Flora? Co.'s bonds, maturing in 14 ?years, pay 14 percent interest on a \$1,000 face value.? However, interest is paid semiannually. If your required rate of return is 6 ?percent, what is the value of the? bond? How would your answer change if the interest were paid? annually?

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