The CFO of International Hardware expects to invest $50,000 of the firm's funds in a long-term investment vehicle at the end of each year for the next five years. She expects that the company will earn 7% interest that will compound annually. What is the value of these funds at the end of the five-years? Hint: Think carefully about whether this is an annuity question or a lump sum question. $70,128 rounded O $287,537 rounded $356,501 rounded How much do you need to deposit in an account to have $1,500 in three years, assuming you will earn 5% interest compounded annually? $4,729 O $1,736 O $1,296 Question 8 2 pts If you desire to have $10,000 for a down payment for a house in five years, what amount would you need to deposit today? Assume that your money will earn 5% annually. $55,256 $7,835 $7,500 $3,295 Question 9 2 pts You want to receive payments of $20,000 each year for 15 years. If you can earn 8% on your funds, how much would you have to invest today in order to reach your goal? O $63,055 O $171,190 $184,885 $54,304 Question 10 2 pts Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $8,000 available each year for various school and living expenses. If he earns 3 percent on his money, how much must he deposit at the start of his studies to be able to withdraw $8,000 a year for three years? $22,629 O $8,742 O $24,727