5. ( 1 point) If you have $2,500 today and want to save it for 20 years to get $10,000. What annual interest rate should you earn to achieve this goal? N=I/Y= CPT(compute): Calculated Answer: 6. ( 0.5 point) Holding everything else constant, with a positive interest rate, the PV of a certain amount of money should be than its FV. (Choose: higher or lower) 7. ( 0.5 point) Holding everything else constant, with a positive interest rate, the value of annuity due is than the value of ordinary annuity. (Choose: greater or less) 8. (1 point) Which of the following factors are helpful to achieve a person's savings goal? (multiple answers) - A saving plan with a relatively high interest rate - A saving plan with a relatively low interest rate - Start saving money as soon as possible - Don't start saving money until a person gets a full-time job and establish a family