1. Trayne Rice has $3,000 to invest for three years. He wants to receive $5,000 at the end of the three years. What invest rate would his investment have to earn to achieve his goal? (Round to the nearest percent.) a. 19% b. 21% c. 16% d. 13% 2. Your mother is trying to choose one of the following bank CDs to deposit $10,000. Which one will have the highest future value if she plans to invest for three years? a. 3.75% compounded annually. b. 3.5% compounded daily c. 3.4% compounded quarterly d. 3.25% compounded monthly 3. Hassan Ali has made an investment that will pay him $11,455, $16,376, and $19,812 at the end of the next three years. His investment was to fetch him a return of 14 percent. What is the present value of these cash flows? (Round to the nearest dollar.) a. $36,022 b. $41,675 c. $39,208 d. $33,124 4. Genaro needs to capture a return of 40 percent for his one-year investment in a property. He believes that he can sell the property at the end of the year for $150,000 and that the property will provide him with rental income of $25,000. What is the maximum amount that Genaro should be willing to pay for the property? a. $112,500 b. $150,000 c. $125,000 d. $137,500
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