Question 8 1 pts You need $50,000 in 10 years. If you can earn 6% interest, how much do you need to invest today? You should get $27,919.74 A) $37362 B) $27,920 C) $19277 D)$28223 E) $26919 O B O OE Question 2 1 pts 1. Suppose you need $15,000 in 3 years. If you can earn 6% annually, how much do you need to invest today? If you could invest the money at 8%, would you have to invest more or less than at 6%? A) At 6% you invest $8104 and at 8% you invest $6014 B) At 6% you invest $9411 and at 8% you invest $8104 C) At 6% you invest $12594 and at 8% you invest $11907 D) At 6% you invest $12954 and at 8% you invest $11709 E) At 6% you invest $10574 and at 8% you invest $9452 OA O B OC D Question 3 1 pts What is the present value of $500 received in 5 years if the interest rate is 10%? 15%? A) The PV at 10% is $454 and the PV at 15% is $$254 B) The PV at 10% is $310.46 and PV at 15% is $248.58 C) The PV at 10% is $346.10 and PV at 15% is 848.58 D) The PV at 10% is $643.10 and PV at 15% is $346.5 E) The PV at 10% is $750 and the PV at 15% is $875 0 B OE