11) How much do you need when you retire to provide a $2,500 monthly check that wll last for 25 years? Assume that your savings can earn 0.5% a month. B)$388.0 17. 16 d) $361,526. I 4 D) $402. 76667 A)$414,008.24 12) 12) You have just retired with savings of S1.5 million. If you expect to live for 30 years and to earn 8% a year on your savings, how much can you afford to spend each year? Assume that you spend the money at the start of each year. A) S133.241.15 B) $123.371.44 C)$120.000.00 D)$112,148.50 13) 13) What APR is being earned on a deposit of $5.000 made 10 years ago today if the D) 3.56% deposit is worth $9.848.21 today? The deposit pays interest semiannually. A) 6.8990 B) 6.76% C) 7.12% 14) 14) If interest is compounded semi-annually rather than annually, then: A) future values will be lower and present values will be higher. B) future values and present values will both be higher. C) futures values and present values will both be lower. D) future values will be higher and present values will be lower 15) 15) The present value of a perpetuity can be determined by: B) multiplying the payment by the interest rate. C) dividing the interest rate by the payment D) dividing the payment by the interest rate