\#6 You have $5,000 to invest today. There is an investment that promises to pay 8.00% per year with the interest compounded on an annual basis. The length of time that the money must remain in the investment is 5 years. If you decide to choose this investment, how much money will be accumulated by the end of the fifth year? a) $7,546.46 b) $7,346.64 c) $7,146.46 d) $7,946.64 \#7 Chad is interested in obtaining a loan for a new house. He needs a loan for today. The term of the loan is 15 years and has a discount rate of 10.00% Calculate the periodic loan annuity payment. a) $29,881.64 b) $29,581.60 c) $29,381.60 d) $29,587.64