Question 8 (2 points) How much money should I invest to the nearest cent at 6%/a compounded monthly to have $20,000 in 4 years? Question 9 (2 points) How much money will I have at the end of 5 years if I invest $3000 at 4%/a compounded annually? Question 10 (6 points) A new computer company earns a profit of $245000 in its first year. The company expects the profits to increase by 15% each year for each subsequent year. a) Using the series formula, find the profit earned in its seventh year. b) Using the annuity formula, find the total profit earned in its first 10 years. Question 11 (5 points) How much money do I need now if I am going to recieve $5000 every 6 months (starting in 6 months) for 10 years if the interest rates are 4%/a compounded semiannually? Question 12 (5 points) How much money will I have if I am going to deposit $1000 every month (starting now) for 5 years if the interest rates are 6%/a compounded monthly