resources over time 24. Suppose you deposit S500 into a savings account, earning 3% interest. How much would you have in one (1) year? 25. Now suppose you deposit S500 into a savings account, carning 4% interest. How much would you have in four (4) years? 26. Suppose you could deposit money in the bank and earn 10% interest. What value would make you indifferent between that amount today and the promise of $805.26 after five (5) years? 27. You receive a promise of $10,000 at the beginning of the next three (3) years. If the account pays 4%, how much will the annuity be worth then? 8. You have the opportunity to choose between a lump sum of $3,000 today or a $1,000 five (5) year annuity invested at 8%. Assuming you are not indifferent, which one should you choose today