Please refer to the following balance sheet Apollo Corp. reported for Q3 and Q4:

Cash	$28,000		Accounts payable	$5,000
Accounts receivable	15,000		Notes Payable	12,000
Inventory	45,000		Accruals	17,000
Net Fixed Assets	122,000		Long-Terms Debt	45,000
			Common Stock	10,000
			Retained Earnings	121,000
Total assets	$210,000		Total Liabilities & Equity	$210,000

Q8) Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest compounded annually. How much will you have in the account on your 21st birthday, just after your grandparents make their deposit?

A) $101,802 B) $98,016 C) $86,058 D) $79,640

Q9) What is the present value of an annuity of $4,000 received at the beginning of each year for the next eight years? The first payment will be received today, and the discount rate is 9% (round to nearest $1).

A) $36,288 B) $35,712 C) $25,699 D) $24,132

Q10) Today is your 21st birthday and your bank account balance is $25,000. Your account is earning 6.5% interest compounded quarterly. How much will be in the account on your 50th birthday?

A) $159,795 B) $162,183 C) $163,832 D) $164,631