Answer all of these questions with the right question number next to the correct choice. ANSWER ALL OR NONE

7-You open a savings account with your bank by depositing $200.00 today. Hereafter, you authorize the bank to transfer $200.00 from your checking to your savings account automatically at the beginning of each month for the next 5 years. The bank offers a rate of 1.25%. How much will you have in your savings account in 5 years?

A)$8,078.67

B)$9,784.64

C)$12,376.29

D)$12,389.18

8-The balance on your 6.75% student loan at graduation is $12,000 to be paid in equal monthly payments over 5 years. How much of your first payment will go towards paying for the principal of the student loan?

A)$236.20

B)$67.50

C)$135.65

D)$168.70

9-What is the future value of an annuity of $100 paid every month for 9.2 years at an 7.25% APR?

A)15,070.80

B)15,632.73

C)11,040.00

D)14,902.86