Fifteen years ago, your parents opened an investment account with an initial deposit of $5,000. Today, that account is worth $38,563. What average annual rate of return did they earn on their investment?1.14.47%2.14.59%3.14.78%4.15.03%A 6.5% annual coupon bond has a face value of $1,000, a market value of $1,120.16, and a yield-to-maturity of 5%. How many years is it until the bond matures?1.10.37 years2.10.49 years3.10.51 years4.14.39 yearsYou currently have $8,300 in your investment account. You can earn an average rate of return of 10.9% per year. How long will you have to wait unil your account is worth $35,000?1.9.47 years2.11.28 years3.13.91 years4.17.51 yearsSuzie has $15,000 in her investment account today. She saves $300 a month and earns 8% interest compounded monthly. How much money will she have in her account three years from now?1.$31,214.222.$29,356.843.$27,254.364.$26,997.91The Corner Bank is offering you a credit card with an APR of 13.3%. The bank compounds the interest rate on a monthly basis. What is the effective annual rate?1.13.69%2.13.87%3.14.03%4.14.14%
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