7. You decide to put $10,000 dollars into an account for 10 years at 6% annual interest. After 10 years you want to start withdrawing money as a yearly annuity at 6% annual interest. How much will you receive if you want the annuity to last for 5 years? (Ans. $4,251) 8. You decide to purchase a golf course for $5,500,000. Two years after the initial purchase you decide to add an addition to the clubhouse for $350,000. After another 2 years you decide to upgrade the interior and facilities for $200,000. After 2 more years you decide to replace the carts and other equipment for $70,000. You pay $70,000 a year in maintenance and operating costs. What is the EUAC after 10 years assuming 8% interest? (Ans. $962,671)