Question 9 1 pts A company wants to have $20,000 at the end of a 7-year period by investing a single sum now. How much needs to be invested in order to have the desired sum in 7 years, if the money can be invested at 17%?(Round answer to nearest dollar). Question 10 1 pts At the end of 3 years, when you graduate from college, your father has promised to give you a used car that will cost $16,000. What lump sum must he invest now to have the $16,000 at the end of 3-years if he can invest money at 9%? (Round answer to nearest dollar) Question 11 0.5 pts Use the following information for the next two questions. Annual cash inflows that will arise from two competing investment projects are given below: Investment Year A $4,000 WIN $8,000 $12,000 4 $16,000 Total $40,000 $16,000 $12,000 $8,000 $4,000 $40,000 Each investment project will require the same investment outlay. The discount rate is 16% Compute the present value of the cash inflows for Investment A. (Round to nearest dollar) Question 12 0.5 pts Compute the present value of the cash inflows for Investment B. (Round to nearest dollar) Question 13 1 pts Suelee has $3,000 to save each year. Assuming she can earn 9%, how long will it take her to have $1,000,000 saved? (Round to nearest year) years. Question 14 1 pts Fargo Freightlines plans to build a new garage in 3 years to have more space for repairing its trucks. The garage will cost $325,000. What lump-sum amount should the company invest now to have the $325,000 available at the end of the 3 year period? Assume that the company can invest money at 5 percent. (Round to nearest dollar) Question 15 1 pts Using Excel, this variable represents the discount rate used to discount the cash flow. ODIS O YIELD O NPER O RATE Question 16 1 pts You have deposited $15,336 in a special account that has a guaranteed interest rate. If you withdraw $3,200 at the end of each year for 6 years, you will completely exhaust the balance in the account. The guaranteed interest rate is (rounded to 2 decimal places)