6. You deposit $1,000 today in a savings account that pays 7% interest compounded annually. How much will your account be worth at the end of 10 years? A.$1080.00 B.S 1700.00 C.$1872.32 D.S1,967.15 What is the present value of your trust fund if it promises to pay you $10,000 on your 30th birthday (8 years from today) and earns 9% compounded annually? A. $4,765.07 B. $5,018.66 C. $5,344.04 D. $5,631.58 8. Jason plans to fund his individual retirement account (IRA) with the maximum contribution of $2,000 at the end of each year for the next 10 years. If Jason can earn 9 percent on his contributions, how much will he have at the end of the tenth year? A. $20,000 B. $4735 C. $30,386 D. $40,874 9. The future value of $1000 received today and deposited at 10 percent compounded semi-annually for four years is A $1601.11 B. $1464.10 C. $1,477.46 D. $1040.00 E. None of the above 10. How much equal amount must be saved annually, beginning one year from now, in order to accumulate $100,000 over the next 10 years, carning 9% annually? A. $6,582 B. $7,174 C. $8,901 D. $10,000 E. None of the above 11. Which of the following will increase the present value of an annuity, other things equal? A. Increasing the interest rate. B. Decreasing the interest rate. C. Decreasing the number of payments. D. Decreasing the amount of the payment