8) Which one of the following compounding periods will yield the lowest effoctive annual rate given a stated future value at year 5 and an annual peroentage rate of 10 percent? A) Continuous ) Anmnl. C) Daily. D) Semi-annual E) Monthly 9) Which one of the following statements concerning interest rates is correct? A) The effective anmual rate equals the anmual percentage rato wheo interest is compounded anaualy B) Borrowers would prefer monthly compounding over annual compounding given the same nua! percentage rate. C) For any positive rate of interest, the anqual percentage rate will always exceed the efflective anm rate D) The effcotive annual rate decrenses as the number of compounding periods per year increases E) Savers would prefer aomual compounding over montbly compounding given the same annual perceatage rato. 10) Stephanie is going to contribute $200 of each month to her retirement account Her employer will provide a 10) 50 percent match, In other words, hor euployer will add $100 to the amount Stephanie saves. Ir both Stephanie and ber employer continoe to do this and she can oaro an acintisal rate of 8.1 peroeat, bow much wil she bave in ber retirement account 35 years from now? A) S470,I91.14 B) $634316.38 C) $705,286.71 D) $716,568.09 E) $510,897.23 Y. Write your ansver in the space provrided or on a separate sheet of paper 11) You bave an option to retire at 55 with a moathly Pension of $1,700 a month, or you can wuit until you are 65 and reoeive $3.100 moed. You expect to live until 87 and yos believe you can get a retrn of 5.9%, when should you retire ind show your work