You have $5,000 to invest today. Similar investments carn 7% interest compounded annually. How much will your investment be worth after ten years? $9,835.76 $69,082.24 $8,500 None of the above Question 2 (10 points) You need $30,000 in seven years. You can cum a 6% interest rate with monthly compounding on your investment. How much must you save each month to reach your savings goal? $288.26 $4,221.86 $3,574.05 You can receive $10,000 at the end of each year for twenty years. Similar investments earn a 9% interest rate. How much are the payments worth to you at the end of twenty years? $511,601.20 $91,285.46 $99,501.15 None of the above Question 7 (10 points) You need $18,000 in ten years because you want to start your own business. Similar investments earn 5% interest compounded semiannually. How much must you invest today to reach your savings goal? $14,061.57 $11,050.44