Question 8: If you started saving at 25 you plan to retire in 30 years. You decide to save 100 dollars per month for 15 years. How much would you have when you retire? The annual interest rate is 12% compounded monthly Question 9: Suppose Facebook Inc. does not currently pay a dividend. Analysts project that they will begin paying dividends in 5 years. The first annual dividend will be $5 and then the dividend is predicted to grow at 5% per year. Investors require a 10% rate of return. What is the value of one share of Facebook stock under these assumptions? Question 10: How should we interpret a firm with P/E of 80? Suppose this is high compared to the firm's industry why should we invest in this firm? For every dollar of earnings we