5. Using the present and future value tables in Appendix A, the appropriate calculations on the Garman/Forguecompanion 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. (b)A person is offered a gift of $5,000 now or $8,000 five years from now. If such funds could be ex-pected to earn 8 percent over the next five years, which is the better choice? (c)A person wants to have $3,000 available to spend on an overseas trip four years from now. If such funds could be expected to earn 6 percent, how much should be invested in a lump sum to realize the $3,000 when needed? (d)A person invests $50,000 in an investment that earns 6 percent. If $6,000 is withdrawn each year, how many years will it take for the fund to run out? Chapter 3 3. College students often have little income and many expenses. Does this reduce or increase the importance of completing a cash-flow statement on a monthly basis? Why or why not? 6. What can a person try to do to genuinely control spending to better achieve financial success