2.) a) What is the FV of $7,189 invested for 23 years at a 9.25% (annual...

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2.) a) What is the FV of $7,189 invested for 23 years at a 9.25% (annual rate) when compounded monthly? (2 points) b) What is the FV when compounded annually? (1 point) c) Compute the EAR for a) and b). (2 point) 3.) You can buy a piece of equipment with a new technology in 5 years once the technology is completed for $50,000. You can earn 5% per year. How much should you deposit today in order to buy the equipment in 5 years? (5 points) 4.) You buy a house for $200,000 and want to sell it for $350,000 in 10 years. What appreciation rate must you obtain to do so? (5 points) 2.) a) What is the FV of $7,189 invested for 23 years at a 9.25% (annual rate) when compounded monthly? (2 points) b) What is the FV when compounded annually? (1 point) c) Compute the EAR for a) and b). (2 point) 3.) You can buy a piece of equipment with a new technology in 5 years once the technology is completed for $50,000. You can earn 5% per year. How much should you deposit today in order to buy the equipment in 5 years? (5 points) 4.) You buy a house for $200,000 and want to sell it for $350,000 in 10 years. What appreciation rate must you obtain to do so? (5 points)