What is the future value of $10,000 in 3 years if the appropriate rate is 5%? O a. $8,638.38 b. $8,500.00 O c. $11.576.25 d. $11,500 How much is needed to be saved today to have $10,000 in 10 years if you will earn 6%, compounded monthly? a. $5.500.00 b. S5,496.33 c. $5,583.95 d. $6,000.00 What is the effective annual rate of a 12% APR compounded monthly? O a. 1% O b. 12.68% O c. 12% O d. 12.12% Your grandmother bought $10,000 of a stock many years ago. The stock is worth $1,000,000 today. If the stock returned 18% annually. approximately how many years ago did she buy the stock? a. 27 b. 28 C. 29 d. 30 How much money would you need to save today if you wish to have $1,000,000 in 20 years and you expect to earn 8% annually? a. $286,546 b. S125.000 C. 5214,548 d. 5311.805