Single Payments (Use of F/P or P/F Factors) 2.10 Today you deposited $10,000 in a savings account paying 7% annual interest. How much should you have at the end of five years? 2.11 If the interest rate is 6%, what is the present value of $800 paid at the end of year 10 ? 2.12 If the interest rate is 9%, what is the two-year discount rate? 2.13 State the amount accumulated by each of the following present investments: (a) $5,000 in 6 years at 7% compounded annually. (b)\$1,3000 in 8years at 6% compounded annually. (c) $16,000 in 25 years at 10% compounded annually. (d) $10,000 in 10 years at 5% compounded annually. 2.14 State the present worth of the following future payments: (a) $8,000 five years from now at 8% compounded annually. (b) $10,000 six years from now at 10% compounded annually. (c) $12,000 eight years from now at 7% compounded annually. (d) $18,000 ten years from now at 9% compounded annually. 2.15 Assuming an interest rate of 10% compounded annually, answer the following questions: (a) How much money can be loaned now if $20,000 is to be repaid at the end of five years? (b) How much money will be required in five years in order to repay a $15,000 loan borrowed now