7. You just settled an insurance claim. The settlement calls for increasing payments over a 10-year period. The first payment will be paid one year from now in the amount of $10,000. The following payments will increase by 4.5 percent annually. What is the value of this settlement to you today if you can earn 8 percent on your investments? 8. What is the effective annual rate (EAR) if a bank charges you 9.50 percent compounded quarterly? What is the APR? 9. The present value of the following cash flow stream is $6,200 when discounted at 9% (annually). What is the missing value in the cash flow stream (see Year 2)? Year 1 1,300 Year 2 ??? Year 3 1,950 Year 4 2,640