What are the effective rate and present value of $4,500 discounted back 10 years if the appropriate interest rate is 4.5%, compounded semiannually For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Your investment account pays 10%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20? 6.33 5.33 6.12 5.95 6.55 6.03 You want to purchase a motorcycle 4 years from now, and you plan to save an amount of money per year, beginning immediately. The estimated price of the motorcycle is $20,000. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much you need to save per year? $4,346.33 $4,344.59 $4,592.23 $4,346.98 $4,345.33 $4,344.03