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9) We deposit $100,000 in the bank at 5% interest, compounded monthly . After 10 years, how much can we withdraw from the bank account?

9) We deposit $100,000 in the bank at 5% interest, compounded monthly. After 10 years, how much can we withdraw from the bank account?

A. $162,889

B. $164,701

C. $164,362

D. $164,866

10) Suppose you need $100,000 in 10 years. If you can earn 8% per year, how much do you have to invest today so that you have the $100,000 in 10 years?

A. $46,319

B. $45,289

C. $45,052

D. $46,030

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