As the discount rate increases, the present value of $500 to be received six years from now: is uncertain. increases. decreases. remains conostant. None of the above 2 If you are figuring out how much you will have when you retire given your monthly payment and an interest rate, you are Compounding O Estimating D Analyzing Discounting None of the above Today you made a student loan of $10,000 with the 5.5% annual interest rate. You will be in school next four years and you do not have any obligation to make payments until you graduate while the interest accumulates. How much will you owe in four years when you start making payments? Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without S sign.) 4 You want $1,000,000 when you retire in 40 years. You decided to save some money every year next 40 years for your retirement. You are going to open Roth IRA and invest everything in Vanguard S&P 500 Funds that expect to earn 6 percent annually. If your contribution starts a year from today, how much must you contribute every year next 40 years? Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without S sign.)