7 10 pts You need to accumulate $10,000 for a trip you wish to take in four years. You are able to earn 8% compounded quarterly on your savings. You plan to make only one deposit and let the money accumulate for four years. How much should your one time deposit be? (Hint: remember that the interest rate is reported annually and that the number of periods is the number of times interest is accrued, not the number of years.) Question 8 10 pts You want to retire after working 40 years with savings in excess of $1,000,000. You expect to save $4,000 a year for 40 years and earn an annual rate of interest of 8%. Will you be able to retire with more than $1,000,000 in 40 years? No O Yes Question 9 10 pts Assume that the average price of a new home is $158,500. If the cost of a new home is increasing at a rate of 10% per year, how much will a new home cost in five years? tarleton instructure.com/courses/346911591 165891/take