What is the future value of $3,128 invested for 9 years at 6.5 percent compounded annually? Multiple Choice $5,513,32 0 $4,152.79 O 897261 59.396 64 2 You have just made your first $3,500 contribution to your retirement account. Assuming you earn an 9 percent rate of return and make no additional contributions. Required: (a)What will your account be worth when you retire in 35 years? 00:48:41 (Click to select) (b)What will your account be worth if you wait 10 years before contributing? Print (Click to select) h 3 Bob bought some land costing $15,840. Today, that same land is valued at $45,717. How long has Bob owned this land if the price of land has been increasing at 5 percent per year? 2 00:48:18 Multiple Choice Print 2172 years 2276 years 14.43 years O 1374 years 4 Thomas invests $120 in an account that pays 4 percent simple interest. How much money will Thomas have at the end of 6 years? 00:48:05 Multiple Choice Print $15360 O $14880 O $144.00 S15184 07 What is the present value of $12,750 to be received 2 years from today if the discount rate is 6 percent? 00:47:50 Multiple Choice Print $11,347.45 $10,93107 87650.00 $10.076.51 6 Beatrice invests $1,320 in an account that pays 4 percent simple interest. How much more could she have earned over a 5-year period if the interest had compounded annually? 00:47:39 Multiple Choice Print $25,60 $109.91 $2198 $32.00 M You have just received notification that you have won the $4.0 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 67 years from now. What is the present value of your windfall if the appropriate discount rate is 6 percent? 00:47.16 Print Multiple Choice $80,643.06 $82,255.92 $184,400.11 In 1895, the first a sporting event was held. The winner's prize money was $120. In 2007, the winner's check was $1.163,000. (Do not round your intermediate calculations.) Required: (a)What was the percentage increase per year in the winner's check over this period? (Click to select) (b)If the winner's prize increases at the same rate, what will it be in 2040? (Click to select)