11. If Casey deposits $9,000 in an account that pays 10% yearly interest, compounded annually, how much will she have in the account at the end of three years? a. $8,990 b. $9,750 c. $10,909 d. $11,979 e. $12,500 What is the approximate present value of $2,000 with 16% interest, to be received in 18 years? a. $161.61 b. $150.30 c. $155.83 d. $148.48 e. $138.29 12. Kimberly buys a note from a municipality that promises to pay $1,500 at the end of each of three years. How much should Kimberly pay for the note if she desires a rate of return at 8%, compounded annually. a. $4,000 b. $3,866 c. $3,905 d. $3,950 e. $3,750 13