Part I. Multiple Choice (2 points each, 100 points total) 1. You deposit $10,000 today in a savings account paying 6% per year, compounded quarterly. What is the future value (FV) at the end of five years? A $13,382.26 B $11.592.74 C. $10,772.84 D $13,468.55 E none of the above Assume that you need a total of $20,000 at the end of 6 years. If you can invest at 8% per year, compounded semiannually, how much must you invest today? A. S12.491.94 B. $12,603.39 $31.737.49 D. $20,000.00 E none of the above Assume that you need to withdraw $1.000 from your savings account every month for the next 5 years. The savings account carns 12% per year, compounded monthly. How much must you deposit today? A. $44.955.04 B. $3,604.78 C. $4,853.43 D. $60,000.00 E. none of the above 3. 4. What is the future value of a regular annuity of $2,000 paid semiannually for 6 years? Assume an interest rate of 4% per year, compounded semiannually. A. $13,265.95 B. $12.616.24 C. $26.824.18 D. $12,000.00 E. none of the above 5. Refer to question #4 above. If the annuity were changed from a regular annuity to an annuity due, then: A. the future value would increase B. the future value would decrease. C. the future value would be unchanged. D. the semiannual payments would increase. E. none of the above