5. If an investment of $3,000 today earns 4% in each of the next five years, and then earns 5% per year for five years after that, how much will the investment be worth at the end of the ten years? a. $4,658.38 c. $6,763.95 b. $5,736.44 d. $7,553.80 6. You will deposit $2,000 at the end of each of next 3 years. If the interest rate is 10% (annual compounding), how much will you have accumulated in 24 years? a. $33,460.59 c. $48,989.65 b. $40,487.32 d. $59,277.48 7. You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 2.4 percent per year, compounded monthly for the first six months, increasing thereafter to 12 percent compounded monthly. Assuming you transfer the $8,000 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year? a. $492.16 c. $675.69 b. $594.58 d. $760.23