QUESTION 6 and below

5 6 Enter Answers Below Correct Answers 1 points Each (10 Points Total) Q1) Suppose you invest $94,179 today in an account that earns 15.00% interest annually. How much money will be in your account 8 years from today? 7 FIRST NAME LAST NAME 8 Q2) What is the value today, of single payment of $114,215 made 5 years from today, if the value is discounted at a rate of 08.00%? 9 10 Q3) How many years would it take an investment of $542 to grow to $3,562 at an annual rate of return of 11.00%? INSTRUCTIONS 11 12 Q4) How much money would you need to deposit today at 20.00% annual interest compounded monthly to have $7,462 in the account after 9 years? 13 14 Q5) If you deposit $772 into an account paying 05.00% annual interest compounded quarterly, how many years until there is $25,116 in the account? When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places. 15 16 Q6) If you deposit $69,247 at 15.00% annual interest compounded quarterly, how much money will be in the account after 17 years? 17 18 Q7) If you deposit $838 into an account paying 04.00% annual interest compounded monthly, how many years until there is $16,197 in the account? 19 20 Q8) What is the value today of receiving a single payment of $78,802 in 21 years if your required rate of return on this investment is 28.00% compounded semi-annually? 21 22 Q9) If you deposit $872 at 05.00%annual interest compounded daily, how much money will be in the account after 2 years? (Assume that there are 364 days in a year) 23 24 Q10) Suppose you deposit $967 today, $472 in one year, and $882 in two years in an account that pays an annual rate of interest of 06.00%. How much money will be in the account after three years? 25 26