$10.$ With the real rate at $3\%,$ most loans were made at $10\%$ last year. This year interest rates

have declined to $8\%.$ What was the expected inflation rate last year?

A$.5\%$

B$.2\%$

C$.7\%$

D$.8\%$

$()11.$ Adam deposits $$10,000$ in a savings deposit paying $4\%,$ compounded monthly. What

amount would he have at the end of seven years?

A$.$ $$13,159$

B$.$ $$13,179$

C$.$ $$13,225$

D$.$ $$13,325$

$()12.$ If you want to have $$20,000$ in your saving account in $5$ years, how much should you

deposit today? Assume the interest rate will be $8\%$ compounded annually.

A$.$ $$14,286$

B$.$ $$13,612$

C$.$ $$13,537$

D$.$ $$12,000$

Please show work