4. ( 0.5 points) The effective annual rate of a stated annual rate of 6.50% compounded continuously is %. 5. (1 point) An investment will pay $40,000 per year forever beginning 8 years from today. If the relevant rate is a stated annual rate of 10% compounded semi-annually, the investment is worth $ today. 6. ( 0.5 points) The value today of receiving $50,000 in 10 years is $ Assume a 6.00% p.a. interest rate compounded quarterly. 7. (1 point) You just decided to begin saving for retirement. You will make deposits of $1,500 per month into a retirement account that earns 6.00% p.a. compounded monthly. The first deposit will be made at the end of the first month and the last deposit will be made when you retire exactly 30 years from today. You will begin to make withdrawals from the account the first month after you retire. If you expect to live an additional 20 years and leave $500,000 to your heirs, you will be able to withdraw $ each month. (Note: You make 240 total monthly withdrawals from your retirement