Question 6 (1.25 points) How much will you pay for an investment if you expect to receive $7,200 end of each years for 5 years and if the appropriate interest rate is 4.5%? $29,851.84 $29,083.89 $27,831,47 $39,389.11 88,972.51 $31,607.83 Question 7 (1.25 points) You have a chance to buy an annuity that pays $22,451.67 at the beginning of each year for 5 years. You could earn 4.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? $114,688.14 99,033.87 $92,941.30 $102,997.61 588,515.53 $98,562.42 594,317.97 S103,490.41 Question 8 (1.25 points) You just inherited some money, and a broker offers to sell you an annuity that pays $16,800 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? $199,395.37 $248,411.73 $236,582.60 $219,833.39 $209,365.13 $225,316.76 Question 9 (1.25 points) Your dad has $863,836.60 and wants to retire. He expects to live for another 20 years and to earn 5% on his invested funds. How much could he withdraw at the end of each of the next 20 years and end up with zero in the account? $43,191.83 $69,316,56 $76,421.51 $72,782.39 $80,242.59 Question 10 (1.25 points) What's the present value of $18,544.86 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? $14,809.44 $11,941.55 $14,845.34 $11.970.62 $14,917.56 $14,881.48 O $11,912.64