12. Alpha, Inc. is saving money to build a new factorv. Six vears ago. they set aside $250,000 for this purpose. Today, that account is worth $306,958. What rate of interest is Alpha earning on this money a. b. c. d. e. 3.43 percent 3.45 percent 3.48 percent 3.52 percent 3.55 percent 9. Today you earn a salary of $28,500. What will be your annual salary fifteen years from now if you earn annual raises of 3.5 percent? a. b. c. d. e. $47,035.35 $47,522.89 $47,747.44 $48,091.91 $48,201.60 10. What is the present value of $13,450 to be received four years from today if the discount rate is 5.25 percent? a b. c. d. e. $10,854.20 $10,960.59 $10.974.21 $10,982.18 $11,003.14