7) Assume that you invested $10,000 today in a bank where you.amg%.? continuously. How much will you have in your bank account at the e a) $17,144 end of 7 years c)$18,776 16,578 8) Bank A offers 8% interest compounded semi annually would you choose b)s20,709 weekly. If you were to invest a)Bank A your money, which bank would you choose 7 money . Bank B offers 7.87% compounded b)Bank B 9) Continental Bank of Texas of interest u are eamingon thrers .77% compounded continuously % compounded what is the effective rate a) 916% b)10.21% c)8.95% d)1 1.22% 10) Starting per vear inear I1, through year 20 ( total of ten cash flows). you expect to receive an investment account. How much will all this be worth to you today (time a year on your money? (years one to ten-no money is coming to you). b)S12.844 zero) if you can earn 9% a)$14,098 d)$16,098 c)S13,554 I I) Assume that you are investing $25,000 today. The investment pays you $5,000 per year in ears 1,2, and 3 and it pays you 14,000 in year 4. What rate of return are you eaming on this investment a)7.8% b)4,3% c)5.2% d)9.77% 12) You expect to receive $500 at the end of year 1, S1000 per year at the end of years 2,3, and on your money, how much would 4:30 at the end ofyears 5,6, and 7. If you can earn 8.66% You accumulate in this investment account at the end of year 7 ( find FV of these cash flows as of end of year 7) c)S5434.1 d)S5014.7 a)$2803.9 b)$4733.2 13) You deposit $5500 in an account earning 6.77%. You want this amount to grow to $12,888 How many years will it take for your money to grow to $12888 c)16 years d)13 years a)11 years b) 8 years 14) Assume that you were making payments at the end of each year in an account and at the f several years of making such payments, it grew to $10,000. The rate of interest on this count was 6%. Had you made these payments at the beginning of each year instead of en ch year, how much money would you have accumulated at the end of the same number y the original problem (NO other information is needed to solve this problem). S16,000 d)S 8,700 b)$11,800 c)$10,600