4. It you invest $50,000 to earn 8 % interest , which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly c. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account atter 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar.) a. $25,194 b. $25,306 c. $25,365 d. $26,898 6. Barkley Company will receive $16,000 in a future year. If the future receipt is discounted at an interest rate of 4 % annually , its present value is $10,000. In how many years will the $16,000 be received? (Use the factor tables provided at the end. Choose the closest answer.) a. 1 years b. 12 ars . 13 ears d. 16 years 7. Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $200,000 in 6 years. If they are able to earn 10 % per year, how much must be deposited at the end of each 6 months to fund the education? (Use the factor tables provided at the end. Round answers to the nearest whole dollar.) a. $12,565 b. $11,367 c. $15,174 d. $28,674 3