5. A finsncial asset wit pay $1,000 per year foever with the fins payment made exactly. five years from fodiy (t5). The aut is worth 5 . A. 10,398,50 today ( (10) gassumine a 6%, p.a. intereat rate. B. 10,185,$2 C. 13,201:56 D. 11,958.23 F. 12,454,20 6. A bank gives a quote of an anmal rate of 8% compounded semi-anuaslly, if you put your money into this bank account, how many years will it take you to double your moncy? A. 17,67 B. 10.07 C. 2015 D. 8.84 L. 9.09 7. You deposit $28,000 in an account today (1=0). You plan to make 10 withdrawals from this accocunt with the first withdrawal at the end of the first year (t=1). At the end of 10 years (t=10), you want the accouat to have a balance of 530,000 . If the account pays interest of 7% p.a, what will be the size of cach of the yearly withdrawals? A. 1.951 .74 B. 1,528,26 C. 271.74 D. 6,157.90 E. 1,815.24 8. You plan on saving money for retirement in 30 years (t=30) at which time, you wish to have saved \$1,000,000. In order to do this you plan on depositing $10,000 inte the bank for 10 years sturting next year (last $10,000 deposit at 1=10 ). And then deposit $x every year after that until your retircanent day (last deposit of $x at t=30 ). If the interest rate is 6%..a; what is the $x you must deposit? A. 14.564 .21 B. 15,692.94 C. 11,958.23 D. 16,256.54 F. 13,254,61