Hayley won a lottery and will receive $1,000 each year for the next 30 years. The current value of these winnings is called the: Multiple Choice future value single amount simple amount. present value. compounded value. Twenty-one years ago, Marisol set aside $5,000 in case of a financial emergency. Today, thot sccount has increased in value to $13,250. What annually compounded rate of interest is her account esrning? Multiple Choice 106.36% 7.75% 5.99% 6.36% 99.97% Assume the total cost of college education will be $245,000 when your child enters college in 15 years. You presently have $108,000 to invest for this purpose. Whet annually compounded rate of interest must you earn to cover the cost of your child's college education? Multiple Choice 5.619 5.50% O 6.8156 O 5.79% O 6.25% Twelve years ago. your parents set sside $8,000 to help fund your college education. Today, thet fund is valued at $23,902 Whet annually compounded rate of interest is being esmed on this sccount? Multiple Choice 9.06% O 9.67% 9.55% 9.4296 8.9995 Aiden deposited $8.500 in an account today. If the account earns 8.5 percent per yesr. compounded annually, how many years will it take for the account to reach a balance of $138,720? Multiple Choice 46.55 years O 2278 years 6.13 years 16.32 years 34.23 years