7c.Your client is offered the opportunity to invest in a project that will pay $3,884 per year at the end of years one through three and $6,454 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 5.86 percent per year. What is the future value of this cash flow pattern at the end of year five? Round the answer to two decimal places.

3a.You plan to buy the house of your dreams in 16 years. You have estimated that the price of the house will be $129,702 at that time. You are able to make equal deposits every month at the end of the month into a savings account at an annual rate of 10.37 percent, compounded monthly. How much money should you place in this savings account every month in order to accumulate the required amount to buy the house of your dreams? Round the answer to two decimal places.

2e.Your client has been accumulating money on college fund for years to be able to pay for his son's education. This year his son is accepted to college and he might continue his education after graduation. Leaving aside issues of inflation and annual increase in the cost of tuition and fees, the funds would last 7 years with equal semi-annualbeginning-of-the-period payments of $43,281 each, with the first payment to be made today. If the annual interest rate is 11.78 percent compounded semi-annually, how much has your client accumulated on college fund? (You need to calculate present value of college payments). Round the answer to two decimal places.