1. Simple Interest versus Compound interest |L01] First City Bank pays 9 percent simple interest on its savings account balances, whereas Second City Bank pays 9 percent interest compounded annually. If you made a deposit of $7,500 in each bank, how much more money would you earn from your Second City Bank account at the end of eight years! 2. Calculating Future Values (L011 For each of the following compute the future values Present Value Interest Years Rate Future Value $ 2,328 11 13% 7,513 7 74.381 14 12% 192,050 16 6% 3. Calculating Present Values LO 2 For each of the following compute the present value: Present Value Years Interest Rate Future Value 13 99% $ 16,832 4 736 48,310 29 13% 886073 40 2194 550.164 4. Calculating Interest Rates (LO3] Solve for the unknown Interest rate in each of the following: Present Value Years Interest Rate Future Value $ 181 5 $317 335 17 1,080 48.000 13 185,382 40.353 30 531.610 5. Calculating the Number of Periods (L04 Solve for the unknown number of yearschot the follow Present Value Years Interest Rate Future Value $5.00 7% $ 1389 810 OX 1,021 18.400 9 209,715 21.500 11%