Q 1.If you invest $13,208 today at an interest rate of 8.05 percent, compounded daily, how much money will you have in your savings account in 7 years? Round the answer to two decimal places. 2.To what amount will the following investment accumulate? $5,896, invested today for 6 years at 6.08 percent, compounded monthly. Round the answer to two decimal places. 3.You placed $7,557 in a savings account today that earns an annual interest rate of 3.60 percent, compounded semiannually. How much will you have in this account at the end of 11 years? Assume that all interest received at the end of the period is reinvested the next period. Round the answer to two decimal places. 4.Stephen plans to purchase a car 4 years from now. The car will cost $43,982 at that time. Assume that Stephen can earn 6.21 percent (compounded monthly) on his money. How much should he set aside today for the purchase? Round the answer to two decimal places. 5.John plans to buy a vacation home in 11 years from now and wants to have saved $43,858 for a down payment. How much money should he place today in a saving account that earns 5.90 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places

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