6. Today you are opening a savings account and depositing an initial $1,000 into it. You plan to deposit $4,000 into the account one year from today and deposit another $4,000 two years from today. How much will you have in your account ten years from today if you earn an 8 percent rate of return? 7. What is the effective annual rate of 10.75 percent compounded continuously? 8. What is the effective annual rate of 14.5 percent compounded semiannually