Solve problems 5-20 using both scientific calculator and financial calculator approaches: (5 points) A corporation has promised to pay $1,000 in 20 years from today for each zero-coupon bond sold now. The bonds are discounted at a 7% interest rate. Approximately how much should an investor pay for each bond? (5 points) You deposit $2,200 in your bank account. If the bank pays 4% compound interest, how much will you accumulate in your account after 10 years? 6. 7. (5 points) Approximately how long must one wait (to the nearest year) for an investment of $100 to triple in value if the investment earns 10% compounded quarterly? (5 points) In calculating the present value of S1,000 to be received 5 years from today, the discount factor has been calculated to be .7008. What is the apparent interest rate? 8. 9. (5 points) The salesperson offers, "Buy this new car with installments of $500 per month for 4 years at 8% annual interest." Calculate the present value of the car. 10. (5 points) How much money can be accumulated over the next 10 years, if $2,000 can be saved every month, beginning 1 month from now, earnings 9% annually