6) You are contributing money to an investment account so that you can purchase a house in eight years. You plan to contribute seven payments of $8,000 a year the first payment will be made one year from now, and the final payment will be made eight years from now. If you earn 11% in your investment account, how much money will you have at the end of eight years? 7) In 1976, the average tuition for one year at UAPB was $500. Years later, in 2010, the average cost was $11,000. What was the annual growth rate of tuition Over the period? 8) You deposit $4500 in a savings account that pays 13% interest, compounded quarterly. How much will your account be worth in 30 years? 9) The Dunbar Co. is financing a studio with a loan of $40,000 to be repaid in 8 annual end-of-year installments of S1 1000. What annual interest rate is the company paying? 10) You have just taken out an 8-year, $14,000 loan to purchase a new car. This loa is to be repaid in 96 equal end-of-month installments. If each of the monthly installments is $200.00, what is the effective annual interest rate on this car loan 6) You are contributing money to an investment account so that you can purchase a house in eight years. You plan to contribute seven payments of $8,000 a year the first payment will be made one year from now, and the final payment will be made eight years from now. If you earn 11% in your investment account, how much money will you have at the end of eight years? 7) In 1976, the average tuition for one year at UAPB was $500. Years later, in 2010, the average cost was $11,000. What was the annual growth rate of tuition Over the period? 8) You deposit $4500 in a savings account that pays 13% interest, compounded quarterly. How much will your account be worth in 30 years? 9) The Dunbar Co. is financing a studio with a loan of $40,000 to be repaid in 8 annual end-of-year installments of S1 1000. What annual interest rate is the company paying? 10) You have just taken out an 8-year, $14,000 loan to purchase a new car. This loa is to be repaid in 96 equal end-of-month installments. If each of the monthly installments is $200.00, what is the effective annual interest rate on this car loan