*. Il you invest $50,000 to earn 8% interest, which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly c. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account after 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar) a. $25,194 b. $25,306 c. $25,365 d. $26,898 6. Barkley Company will receive $16,000 in a future year. If the future receipt is discounted at an interest rate of 4% annually, its present value is $10,000. In how many years will the $16,000 be received? (Use the factor tables provided at the end. Choose the closest answer) a. 11 years b. 12 years c. 13 years d. 16 years 7. Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $200,000 in 6 years. If they are able to earn 10% per year, how much must be deposited at the end of each 6 months to fund the education? (Use the factor tables provided at the end. Round answers to the nearest whole dollar.) a. $12,565 b. $11,367 c. $15,174 d. $28,674