Consider the cash flow transactions depicted in the accompanying cash flow diagram with the changing interest rates specified. $500 $500 $300 $300 2 4% P Interest compounded monthly 8% Years Interest compounded monthly 5% Interest compounded monthly (a) What is the equivalent present worth? (In other words, how much do you have to deposit now so that you can withdraw $300 at the end of year 1, $300 at the end of year 2, $500 at the end of year 3, and $500 at the end of year 4?) The equivalent present worth is $ 1353.704. (Round to the nearest dollar.) (b) What is the single, effective annual interest rate over four years? The single, effective annual interest rate over four years is %. (Round to one decimal place.) Problem 4-55 (algorithmic) ::Question Help How much money would be accumulated in 10 years for a deposit of $16,000 made at the end-of-year zero if the account earned interest at 4% per year for the first three years, 7% per year for the next four years, and 5% per year for the last three years? 5 Click the icon to view the interest factors for discrete compounding when i = 4% per year. 5 Click the icon to view the interest factors for discrete compounding when i = 5% per year. Click the icon to view the interest factors for discrete compounding when i = 7% per year. The amount accumulated in 10 years will be $ . (Round to the nearest dollar.)