4.You just purchased a parcel of land for $10,000. If you expect a 12 percent annual rate of return on your investment, how much will you sell the land for in 10 years? a. $25,000 b $31,060 c. $38,720 d. $34,310 5.A commercial bank will loan you $7,500 for two years to buy a car. The loan must be repaid in 24 equal monthly payments. The annual interest rate on the loan is 12 percent of the unpaid balance. How large are the monthly payments? a. $282.43 b. $390.52 . $369.82 d. $353.05 6.If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to nearest dollar)? a. $72 b. $70 c. $71 d. $57 7 What is the annual compounded interest rate of an investment with a stated interest rate of 6% compounded quarterly for 7 years (round to the nearest .1%)? a. 51.7% C. 10.9% 8 What is the value of $750 invested at 7.5% compounded quarterly for 4.5 years (round to nearest $1)? a. $1,048 b. $1,010 c. $1.038 d. $808 9.If you put $900 in a savings account that yields 10% compounded semi-annually, how much money will you have in the account in three years (round to nearest dollar)? a. $1,340 b. $1,170 c. $1,227 d. $1,206