This is the entire document but i only need questions 7-12

1. What is the future value of $3475 deposited for 7 years at an annual simple interest of 5.25%?

2. What would be the future value in question #1 above if an annual compound interest is used, and what would be the difference in the total interest earned in both ways?

3. Lisa and David have been married for two years. They have just decided that summer of 2020 should be spent in Switzerland. They figured out that in order to meet the cost of the entire vacation they would only have to dedicate what they already have in their saving account now ($ 5,859.37) for that vacation, keeping their regular monthly saving during the next two years for different purposes. Given that the annual compound interest rate is 8.5%, how much would they be able to spend for their vacation?

4. If the cost of vacation is $9,384.44, What would be the annual compound interest ratethat would let their saving account accumulate to meet their vacation costs?

5. How many years would they have to waitif the annual compound interest rate is 10%, the cost of vacation is $12,000, and their saving account now has only $7451.05 ?

6. Now, Let's assume that the couple would delay taking that vacation until summer 2022, where the cost would increase to $10,000, and let's also assume that their friend Kim has just made an offer to deliver $10,000 to the couple upon their arrival at Geneva Airport on the first of June, 2022. Kim's offer is a proposal of an alternative payment of a personal loan of $7,500 that she got from the couple in 2015. The agreement then was that the loan had to be paid back by Summer of 2022with a compound interest rate of 5% annually.

A. What would be the current value of the $10,000assuming the compound interest rate stays at 5%

B. What would be the discount factor, and what does it mean to the couple financially and in terms of their personal utility (satisfaction)?

7.If the couple draws a new plan of saving for that vacation by putting aside $200 at the end of each month for the next three years, and if the cost of vacation stays the same as ($9,384.44), and the interest rate is 11% compounded annually, would the couple be able to take that vacation in 2019?

8. What must their annuity bein order to make it to their vacation in 2021if the interest rate is 15% compounded semiannually.

9. What must their annuity bein order to make it to their vacation in 2021 if the interest rate is 13.75% compounded quarterly.

10. What must their annuity bein order to make it to their vacation in 2021 if the interest rate is 11.5% compounded monthly.

11. What must their annuity bein order to make it to their vacation in 2021if the interest rate is 8.25% compounded weekly.

12. Calculate the present value of the couple's stream of returns to their five assets using a compound interest rate of 9.5%.