Use the following to answer questions 4-5: Keith's Trucking Company is replacing part of their flect of trucks by purchasing them under a note agreement. with Kenworthy on January 1, 2022. The note agreement will require $5 million in annual payments starting on December 31, 2022 and continuing for a total of six years (final payment Deceruber 31, 2027). Kenworthy will charge Keith's Trucking the market interest rate of 8% compounded annually, (Round to the nearest dollar). 4. (2 pts) How much will Keith's Trueking record as a debit to their equipment account and as a credit to their notes payable necount on January 1,2022? 5 5. ( 2 pts) What is the remaining obligation on January 1,2023 after the first payment has been made? 6. (2 pts) Kate's grandmother promises to give her $5,000 at the end of four years and 96,000 at the end of five years. How much is the money worth today if Kristen could eam 5% annual interest on the funds? (Round to the nearest dollar). 7. (2 pts) Laura deposits $10,000 in the bank today, She will be earning 6% interest annually on her deposit. How much money will she have in the bank at the end of 8 years? (Round to the nearest dollar). 8. (2 pts) If the market rate of interest is 7%, a rational person would just as soon receive $100,000 three years from now as what amount today (round to the nearest dollar)