An investment will pay you $16,000 in 6 years propriate discount rate is 8 percent compounded daily Required: What the present value O O O $10.396.11 O $10,082.71 O $9.901.06 O $10,198.09 O O $9,406.00 O References eBook & Resources Multiple Choice Leaming Objective 06-01 How to determine the future and present value of investments with multiple cash flows: You are planning to make monthly deposits of $140 into a retirement account that pays 7 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 24 years? O $98,939.01 O $104,146.33 $109,353.64 O $97736.81 O $1,249,755.94 References eBook & Resources Multiple Choice Learning Objective: 06-01 How to determine the future and present value of investments with multiple cash flows Difficulty: Basic Section 6 2 Valuing Level Cash Flows Annuities and Perpetuites You are planning to save for retirement over the next 25 years. To do this, you will Invest $1,000 a month in a stock account and $700 a month in a bond account. The return of the stock account is expected to be 8 percent, and the bond account will pay 5 percent. When you retire, you will combine your money into an account with a 6 percent return Required: How much can you withdraw each month from your account assuming a 20-year withdrawal period?(Do not round your intermediate calculations.) O $9,995.94 O $117,599.28 O $9,603.94 O $600,279.12 O $9.799.94 References eBook & Resources Learning Obective 05.01 How to determine the