Question: Question Completion Status: QUESTION 6 Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3,

Question Completion Status: QUESTION 6 Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,000 $1,200, 1,200, and $1,400. $5,070.78 $4,334.53 $5,484.56 $5,191.68 QUESTION 7 Assume that you contribute $100 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $200 per month for another 20 years. Given a 6 percent interest rate, what is the value of your retirement plan after 40 years? $245,353 $19,155 $199,359 $225,353 QUESTION 8 What is the value in year 6 of a $1,000 cash flow made in year 2 if interest rates are 5 percent in years 3 and 4, and increase to 6 percent in the remaining years? $2,970.03 $1,215.51 $1,238.77 $2,982.74

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