If the inflation rate for the next 20 years is 4% per year, what hourly rate of pay in 20 years will be equivalent to $10 per hour today? a$14.56 b$22.60 c$226.00 d$19.19 e. $21.91Question 2 (10 points)A $10,000 eight-year investment earns interest at 12% compounded semiannually. If it is sold 30 months before maturity to yield 16% compounded quarterly, what is its selling price? a$4219.55 b$10,719.15 c$17,161.71 d. $20,009.91 e$6755.64Question 3 (10 points)A $25,000 loan at 9% compounded monthly is to be repaid by two equal payments due 1.5 years and 2.5 years after the date of the loan. What is the size of each payment? a$15,015.33 b$18,266.18 c$14,940.15 d$22,855.95 e$11,939.97Question 4 (10 points). Payments of $2000 due six months ago and $5000 due three years from now, are to be replaced by two equal payments due now and one year from today. What is the amount of each payment if money is worth 12% compounded monthly? a$2976.33 b$3211.14 c$3118.98 d$4915.04 e$2641.34Question 5 (10 points)Helen's investment of $500 has grown, at a rate of 13% compounded annually, for 45 years. To the nearest dollar, what is the value of her investment today? a$129,667 b$825 c$82,592 d$204,381 e$122,321Question 6 (10 points)If Smitty is able to earn 11% compounded semiannually on his $750 investment, how much money will he have in 40 years? Round to the nearest dollar. a$48,751 b$54,357 c$7,979 d$73,825 e$89,324Question 7 (10 points). Calculate the maturity value of $18,559 after 7.5 years at 9% compounded quarterly. Round to the nearest dollar. a$32,000 b$53,776 c$29,000 d$31,086 e$36,179Question 8 (10 points)Everyone thought he was being foolish again when, 65 years ago, great-great-uncle Crazy Louie invested $150 in the common stock of a company that produced a carbonated soft drink in Atlanta Georgia. The value of the stock has grown at an average rate of 15% compounded semiannually. To the nearest dollar, what's the value of Crazy Louie's foolish investment now? a$1,816,317 b$13,559,733 c$146,250 d$5,872,556 e$925,767Question 9 (10 points)If you deposit $2,500 into an investment that grows at 13.2% compounded monthly, what will its value be in 17.5 years? Round to the nearest dollar. a$48,901 b$57,750 c$16,211 d$21,890 e$24,870Question 10 (10 points)Betty borrowed $50 from Gurpreet for 2 years at 9% compounded monthly. How much did she owe at the end of the two years? a$19.83 b$59.82 c$54.16 d$63.71 e$67.88