Unless instructed otherwise, enter dollar answers to two decimal places without the $ sign-> 1009.32 and not $1,009.32. Enter percentage answers (rates) in percentage format without the % sign -> 9.32 and not 9.32% or 0.0932. What is the future value of $590 to be deposited today into an account paying 8.0% compounded semi-annually for two years? Question 7 1 pts You just won a lottery that promises to pay you $1 million exactly 10 years from today. Because the $1 million payment is guaranteed by the state in which you live, opportunities exist to sell the claim today for an immediate lump-sum cash payment. What is the least you will sell your claim for if you could earn 4.56 % on similar-risk investments during the 10-year period? Question 8 1 pts A car dealer offers payments of $522.59 per month for 48 months on a $25,000 car after making a $4.000 down payment. What is the loan's APR? (in % terms) Today, Bruce and Brenda each have $150,000 in an investment account. No other contributions will be made to their investment accounts. Both have the same goal: They each want their account to reach $1 million, at which time each will retire. Bruce has his money invested in risk-free securities with an expected annual return of 5 percent. Brenda has her money invested in a stock fund with an expected annual return of 10 percent. How many years after Brenda retires will Bruce retire? Question 10 1 pts What is the future value of a five-year ordinary annuity of $1,000 per year if the interest rate is 6.54%? Hint: solve for year 5. Question 11 1 pts What is the present value of a perpetuity that offers to pay $100 next year and every year after the payment grows at 4.1%. Investments with similar risk are offering an 8% annual return