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5. You deposited $5000 into an account at an annual interest of 8% compounded semiannually. What is the future value of this $5,000 after 4
5. You deposited $5000 into an account at an annual interest of 8% compounded semiannually. What is the future value of this $5,000 after 4 years? a) $8,112 b) $7,112 c) $1,250 d) $6,843 e) None of the above 6. You have just won the lottery and you will receive 20 annual beginning-of-year payments of $5 million each. If you expect to earn a 9% compounded semi- annually, what will be the current value of the lottery payments? a) $67,966,468 Ob) $47,986,467 c) $97,211,422 O d) $27,956,468 e) None of the above
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