q5. An investment product will provide a cash flow of $673 at the end of each year for the following 18 years. At a discount rate of 8 percent, what does this investment worth to you today? Answer: $ q6. If you purchase an investment at $51,401 today, in return, you will receive a(n) 12 percent, 20-year annuity. What will the annual cash flow be? Answer: $______ q7. Your bank account offers an annual interest rate of 7.0% that compounds monthly. What is the effective annual rate (EAR) for your account? Answer ______% q.8 A family investment trust pays you and your heirs $1,014 per year forever. With an interest rate of 10%, what is the fair value of this trust? Answer: $______