Exercise 5 Your savings account earns interests at an APR = 9.32%. If you deposit now the lump sum of $18000, how much will it become in 7 years? (Interests are compounded annually) (5 pts) (A) $38817 (B) $40597 [C) $35347 (D) $33587 Exercise 6 Your savings account earns interests at an APR = 11.58%. If you deposit now the lump sum of $18000, how much will it become in 9 years given that interests are compounded monthly. (5 pts) (A) $48256 (B) $52994 (C) $55374 (D) $50784 Exercise 7 You plan to deposit in your savings account, $250 per month for 13 months starting in one month. How much will you have right after making the last deposit if you earn interests at an APR-4.74%7 (5 pts) (A) $2738 (8) $3105 IC) $3328 (D) $3250 Exercise 8 You plan to deposit in your savings account a certain amount per month for 13 months starting in one month. How much should you deposit each month if you plan to have $219.02 right after making the last deposit and you earn interests at an APR-3.66%? (5 pts) (A) $165.92 (8) $191.72 (C) $219.02 (D) $223.08 Exercise 2 Mrs. White is about to retire and her firmas just sent her the following three offers: Offer 1: Pay her or her beneficiaries $1300 per month for 220 months starting the time she retires. Oftet 2. Pay her or her beneficiaries 51290 per month for 250 months starting one month after she retires Offer : Pay her or her beneficiaries S1700 per month for 280 months starting in 7 months after she retires Rank the three offers from best to worst (15) (A) () IC (0) 10 3 (F) Best Second best Worst 2 2