4. Future Values. Using Table 1-1 on page 19, calculate the following: (a) The future value of lump-sum in- vestment of $4,000 in four years that DO IT IN CLASS earns 5 percent. Page 19 (b) The future value of $1,500 saved each year for three years that earns 6 percent. (c) A person who invests $1,200 each year finds one choice that is expected to pay 3 percent per year and another choice that may pay 4 percent. What is the difference in return if the investment is made for four years? (d) The amount a person would need to deposit today with a 5 percent interest rate to have $2,000 in three years. 5. Using the present and future value tables in Appendix A, the appropriate calculations on the Garman/Forgue companion website, or a financial calculator, calculate the following: (a) The amount a person would need to deposit today to be able to withdraw $6,000 each year for ten years from an account earning 6 percent. 4. Future Values. Using Table 1-1 on page 19, calculate the following: (a) The future value of lump-sum in- vestment of $4,000 in four years that DO IT IN CLASS earns 5 percent. Page 19 (b) The future value of $1,500 saved each year for three years that earns 6 percent. (c) A person who invests $1,200 each year finds one choice that is expected to pay 3 percent per year and another choice that may pay 4 percent. What is the difference in return if the investment is made for four years? (d) The amount a person would need to deposit today with a 5 percent interest rate to have $2,000 in three years. 5. Using the present and future value tables in Appendix A, the appropriate calculations on the Garman/Forgue companion website, or a financial calculator, calculate the following: (a) The amount a person would need to deposit today to be able to withdraw $6,000 each year for ten years from an account earning 6 percent