Please show all work and circle answer, answer 12-14 only

First City Bank pays 6 percent simple interest on ita unded balances, whereas Second City Bank pays 6 perend 3 annually. 10. If you made a deposit of $10,000 in each bank, how much more money would you earn from the Second City Bank accoun A. Less than $5,000 B. $6,000 to $10,000 C. $10,000 to $15,000 D. $16,000 to $20,000 E. More than $20,000 t at the end of 20 years? 11. If you made a deposit of $5,000 in a bank that pays you 7.75% interest, compounded annually, how much will you have at the end of elght yeare? A. Less than $7,000 B. $7,000 to $8,000 C. $8,000 to $9,000 D. $9,000 to $10,000 E. More than $10,000 12. You need to have $16,000 to attend graduate school in four years. If you can earn 6% interest, compounded monthly, how much do you need to contribute every month to meet your goal? A. Less than $300 B. $300 to $350 C. $350 to $400 D. $400 to $500 E. More than $600 18. Calculate the Fair Market Value FMV) for a 10-year bond with a coupon rate of 6%. Bonds with similar risk have Yields-to-Maturity (YIMs) of 5%. For simplicity, assume annual cash flows. A. Less than $700.00 B. $700.00 to $800.00 C. $800.00 to $900.00 D. $900.00 to $1,000.00 E. More than $1,000.00 14. Calculate the Yield-to-Maturity (YTM) for a 10-year bond with a coupon rate of 5% that is priced at $850; that is 85% of par. For simplicity, assume annual cash flows. A. Less than 6.00% B. 6.00% to 7.00% C. 7.00% to 8.00% D. 8.00% to 9.00% B. More than 9.00%