Question: P Please answer the three questions above. Question 13 (6.66 points) How much must you deposit in an account today so that you have a

PP Please answer the three questions above. Question 13 (6.66 points) How

Please answer the three questions above.

Question 13 (6.66 points) How much must you deposit in an account today so that you have a balance of $14,115 at the end of 14 years if interest on the account is 13 % pa, but with quarterly compounding? (Round your answer to 2 decimal places; record your answer without commas and withouta dollar sign). Your Answer: Answer Question 14 (6.66 points) The Milken Company is offering you an investment that promises you $10,000 at the end of 13 years if you invest $7,525 today. What is the annual return on this investment? (Compute your answer as a percent rounded to 2 decimal places. Record without a percent sign. For example, record .0848765-8.48765% as 8.49) Your Answer: Answer Question 15 (6.76 points) Sam refuses to retire until his retirement account has a balance of at least $434,794.Sam refuses to make any more deposits in the account. The account currently has a balance of $ 122,220 and earns 6% per year, compounded semi-annually. How long does Sam have before he will retire? (You are computing number of years. Round your answer to one decimal place. For example, record 14.294 years as 14.3) Your

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