6. When you were two-years-old your Grandmother left you a trust fund with $10,000 in it that has been earning 12% for 20 years. How much is in the trust fund now, based on annual compounding? 7. What is the payment to amortize a $10,000 loan over 10 years if the interest rate is 12%? B. refers to the amount of money on which interest is paid. a. Capital b. APR c. Loan Base d. Principal 9. A young couple wishes to accumulate $35,000 at the end of four years so that they may make a down payment on a house What should their equal end-of-year deposits be accumulate the $35,000, assuming a 6% rate of interest? a. $7,718 b. $8,000 c. $6.915 d. $8,765 10. The future value of $3,000 deposited at 11% compounded quarterly for each of the next six years is a. $5,211 b. $5,611 c. $4.976 d. $5,751