7 You just inherited $10,000. You are investing this money for 2 years at 4 percent annual compound interest. How much money will you have at the end of the 2 years? (Lump sum situation) O a. $9,723 Ob. $10,816 OC $11,914 Od $12,650 QUESTION 8 What is the future value of $13,400 invested today for 10 years at 12 percent compounded monthly? (Lump Sum Problem) Oa $44,225.18 Ob $52,206.08 OC $142,097.32 Od $252,359.08 QUESTION 9 When you were born, your grandparents opened an investment account in your name and deposited $500 into the account (PV). The account has earned an average annual rate of return of 14 percent. Today, the account is valued at $72,670 (FV). How old are you? (Solve for n) a 28 b. 33 OC. 38 Od 43 QUESTION 10 Seven years from now, you will be inheriting $8,400. What is this inheritance worth to you today if you can earn 9 percent interest compounded annually? (Lump sum problem) a $4,002.56 b $4,245.67 OC $4,595.09 Od $10,235.65