Question 5 10 pts You want to begin saving for your daughter's college education and you estimate that she will need $125,000 in 18 years. If you feel confident that you can earn 4% per year (annually compounded). how much do you need to invest today? O $124,103.41 $61,703.52 $253,227.06 O None of the above.. Question 6 10 pts You are looking at an investment that will pay $11,250 in 6 years if you invest $10,000 today. What is the implied rate of interest (assuming annual compounding)? O 3.96% 12.5% O 1.98% O None of the above. Question 7 10 pts Suppose you are offered an investment that will allow you to double your money in 5 years. You have $15,000 to invest. What is the implied rate of interest? 8.45% 7.18% O 14.87% O None of the above. Question 8 10 pts Suppose you have a 2-year old daughter and you want to provide $100,000 in 17 years towards her college education. You currently have $15,000 to invest. What interest rate must you earn to have the $100,000 when you need it? 11.02% O 11.81% O 9.87% None of the above. Question 10 10 pts Suppose you borrow $100,000 in student loans to finance your undergraduate education. If interest rates are at 7.5% (annual) and you will pay off the loan over twenty years, what will be your annual loan payment? O $9.996.47 $7,862.55 O $9,809.22 O None of the above