Do all QUESTION 7Match the correct answer for the following questionsv The present worth of $400 in year 1 and amounts increasing by $30 per year A. 31,050through year 5 at an interest rate of 12% per year is closest to:v What is the present worth of $1,000 in year 1 and amounts increasing by 7%per year through year 10? Use an interest rate of 12% per year.B. $1,634C. $10,795D. $7,333v Saed deposits $5000 into an account that pays interest at a rate of 8% peryear. The amount in the account after 10 years is closest to:v Ali wants to make a single deposit now so he will have enough money topurchase a car costing $50,000 five years from now. If the bank offers aninterest of 10% per year, what amount Ali should deposit now.

1) First year amount (A1) = $400 Increase of $30 every year till year 5 r = 12%

Match the correct answer for the following questions v The present worth of $400 in year 1 and amounts increasing by $30 per year A. 31,050 through year 5 at an interest rate of 12% per year is closest to: B. $1,634 What is the present worth of $1,000 in year 1 and amounts increasing by 7% per year through year 10? Use an interest rate of 12% per year. v Saed deposits $5000 into an account that pays interest at a rate of 8% per year. The amount in the account after 10 years is closest to: v Ali wants to make a single deposit now so he will have enough money to purchase a car costing $50,000 five years from now. If the bank offers an interest of 10% per year, what amount Ali should deposit now. C. $10,795 D. $7,333