1. Present and future value tables of $1 at 3%

1. Present and future value tables of $1 at 3% are presented below

Today, Thomas deposited $160,000 in a 3-year, 12% CD that compounds quarterly. What is the maturity value of the CD?

A. $174,400.

B. $228,122.

C. $342,182.

D. $308,132.

2. Present and future value tables of $1 at 3% are presented below:

Jose wants to cash in his winning lottery ticket. He can either receive twelve, $8,000 annual payments starting today, or he can receive a lump-sum payment now based on a 3% annual interest rate. What would be the lump-sum payment?

A. $82,021.

B. $77,911.

C. $80,300.

D. $79,632.

3. Present and future value tables of 1 at 9% are presented below.

Ajax Company purchased a two-year certificate of deposit for its building fund in the amount of $200,000. How much should the certificate of deposit be worth at the end of two years if interest is compounded at an annual rate of 9%?

A. $350,563.

B. $236,361.

C. $237,620.

D. $351,822.

4. Present and future value tables of 1 at 9% are presented below.