Answer each question using the time value of money table. (Show me the steps of solving, writing the answers only are not acceptable). 6. Your client is 40 years old and wants to begin saving for retirement. You advise the client to put $5,000 a year into the stock market. You estimate that the market's return will be, on average, 10 percent a year. Assume the investment will be made at the end of each year. If the client follows your advice, how much will she have by age 65? 7. Adams Company bought a piece of land in 1981 for $200,000. By 2005, its value had increased to $1,014,400. Find the annual rate of appreciation during this period. 8. A downtown bank is advertising that if you deposit $1,000 with them, and leave it there for 50 months, you can get $2691 back at the end of this period. Assuming monthly compounding, what is the annual rate of interest paid by the bank? 9. Cincinnati Company has decided to put $30,000 per quarter in a pension fund. The fund will earn interest at the rate of 8% per year, compounded quarterly. Find the amount available in this fund after 10 years. 10. Suppose you want to accumulate $9,365.60 for a down payment for a house. You will deposit $400 at the ending of every 2 months in an account that credits interest every 2 months at the rate of 18% per annum. How long will it take you to achieve your goal