The questions are indicated on the picture

16. You plan to accumulate $450,000 over a period of 12 years by making equal annual deposits in an account that pays an annual interest rate of 9% (assume all payments will occur at the beginning of each year). What amount must you deposit each year to reach your goal? 17. You are told that it you invest $11,100 per year for 19 years (all payments made at the beginning of each year) you will have accumulated $375,000 at the end of the period. What annual rate of return is the investment offering? 18. You plan to buy a car that has a total "driveout" cost of $25,700. You will make a down payment of$3,598. The remainder of the cars cost will be nanced over a period of 5 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 8% with monthly compounding of interest. (The rst payment will be due one month after theI purchase date.) What will your monthly payment be? 19. You are considering leasing a car. You notice an ad that says you can lease the car you want tor$477.00 per month. The lease term is 60 months with the rst payment due at inception of the lease. You must also make an additional down payment of $2,370. The ad also says that the residual value of the vehicle is $20,430. After much research, you have concluded that you could buy the car for a total "drive out" price of $33 ,800. What is the quoted annual interest rate you will pay with the lease? 20. You are valuing an investment that will pay you $12,000 the rst year, $14,000 the second year,$17,000 the third year, $19,000 the fourth year, $23,000 the frfth year, and $29,000 the sixth year (all payments are at the end of each year}. What my; value of the investment to you now E33152 appropriate annual discount rate is 11.00%? 21. You are valuing an investment that will pay you $27,000 per year for the rst ten years, $35,000 per year for the next ten years, and $48,000 per year the following ten years (all payments are at the end of each year). It the appropriate annual discount rate is 9.00%, what is the value of the investment to you today