7. Mikayla deposits $100,000 annually at the beginning of the year for 5 years into a special gold medal skiing account. The deposits earn an effective annual interest rate of 6%, and interest is paid out at the end of each year and reinvested at an nominal annual rate of 8%, compounded semi- annually. Find the value of the account at the end of 5 years. 100, ooo 9. Brad buys a 20 year annuity that provides payments at the end of each year. The first 5 payments are 1000, the next 5 payments are 2000, the third 5 payments are 3000, and the last 5 payments are 4000. The book value interest rate is 10% and the book value at purchase is 24,594.99. Find the market value immediately after the payment at time 14, using a market interest rate of 8%. no 1600_286 DSC