9-An investment of 500,000 today that grows to 800,000 after six years has a stated annual interest rate closest to: A. 7.5% compounded continuously, B. 7.7% compounded daily. C. 8.0% compounded semiannually. 10- A sweepstakes winner may select either a perpetuity of 2,000 a month beginning with the first payment in one month or an immediate lump sum payment of 350,000. If the annual discount rate is 6% compounded monthly, the present value of the perpetuity is: A. less than the lump sum. B. equal to the lump sum