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(5 pts) If you deposit S60,000 today into an account that pays 7.0% interest per year (compounded annually) for the first6years and50%interest per year (compounded

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(5 pts) If you deposit S60,000 today into an account that pays 7.0% interest per year (compounded annually) for the first6years and50%interest per year (compounded annually) for the next 4 years, how much is in your account after 10 years assuming you make no other 1) deposits or withdraws? Balance 2) (4 pts) You would like to have $100,000 in 8 years. How much would you need to deposit today in order to have $100,000 in 8 years assuming you can earn 6% interest per year on the money? 3) (4 pts) You would like to have $250,000 in 20 years. If you deposit $30,000 today and you deposit $3,600 per year (at the end of each year) into an account, what is the interest rate you must earn in order to achieve your goal? Interest rate- (5 pts) If you have an investment that pays you $3,000 one year from today, $4,000 two years from today, and $5,000 three years from today. What is the value of the investment today if the appropriate interest rate is 6% per year compounded annually? 4)

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