Can anyone help me out w/these?

1. A 1 year $100,000 T-bill sells at a discount rate of 3.25%. What simple annual interest rate does it pay. (Round to the nearest 100th of a percent.)

a. 3.36%

b. 3.14%

c. 3.25%

d. None of these

2. If $10,000 is deposited in a money market account when interest is compounded every month at an annual rate of 5%, the total amount accumulated at the end of 5 years will be: (Round to the nearest cent.)

a. $12,762.82

b. $10,210.08

c. $12,833.59

d. None of these

3.. If you invest $5,000 at 4% compounded semiannually, how long will it take for your investment to grow to $8,000? (Round to the nearest year.)

a. 10 years

b. 24 years

c. 6 years

d. None of these

4.. How much would you have to invest when you are 20 years old at 6% compounded monthly to end up with a million dollars by age 50? (Round up to the nearest thousand.)

a. $862,000

b. $167,000

c. $175,000

d. None of these

5. If you deposit $4,000 in a money market account when interest is compounded quarterly, what annual rate of interest would be required to end up with $8,000 in 5 years? (Round to the nearest 10th of a percent.)

a. 13.9%

b. 14.1%

c. 14.7%

d. None of these

6. How much should we deposit now into an account earning 6% interest per year, compounded monthly so that starting one month from now the bank will send us monthly payments of $200 for 5 years? At the end of the five years, the account balance should be depleted to zero. (Round to the nearest cent.)

a. $11,280.00

b. $10,396.84

c. $10,345.11

d. None of these

7. How much should be deposited now in an account earning 4.2% interest per year, compounded quarterly so that starting 3 months from now the bank will send us quarterly payments of $150 for 10 years? At the end of that time we would like to have $2,000 left in the account. (Round to the nearest cent.)

a. $6,246.96

b. $6,195.73

c. $4,878.76

d. None of these

8.. A newspaper carries advertisements for CD rates / terms for four local banks. Which would be the best deal?

a. Scrooge Investments -- 4.00% compounded daily

b. Cloverdale Bank & Trust -- 4.10% compounded quarterly

c. Omega Savings & Loan -- 4.00% compounded quarterly

d. Worker’s Credit Union -- 4.10% compounded annually

9. Midwest Bank & Trust advertises a CD that pays 4.9% APY compounded monthly. What is the effective interest rate? (Round to the nearest 10th of a percent.)

a. 4.8%

b. 4.9%

c. 5.0%

d. None of these

10. What would it cost to buy a U.S. Treasury bill that pays $10,000 after 6 months where the simple annual interest rate is 3.75%? (Round to the nearest cent.)

a. $9,625.45

b. $9,812.50

c. $9,815.95

d. None of these