Question7 3 pts You plan to invest an amount of money in five (5) year certificate of deposit (CD) at your bank. The stated interest rate applied to the CD is 12 percent, compounded monthly and paid out at the end of the five years. How much must you invest today if you want the balance in the CD account to be $30,000 in seven (7) years? (Hint Need to adjust time and interest rate for monthly compounding e.g., time is 84 periods, interest rate becomes 967) $9,358 $10,332 $13.005 $11,009 Question9 3 pts The present value (PV) of a series of cash flows of $100 received today and at the beginning of each year thereafter for the next 10 (ten) years will increase if the risk profile of the payments is lower and therefor the.. O A. the discount rate applied to the calculate the PV of the series of cash flows is lower. O B. the discount rate applied to the calculate the PV of the series of cash flows is higher. O C. Neither A. or B. O D. Both A. and B