A E F G Exercise 1 How much will $8000 grow to over 20 years if the annual rate of return is 6%? Submit your answer. Exercise 2 If you need $40000 in 14 years, how much should you set aside today? Assume an 8% annual return? Submit your answer. Exercise 3 If you invest $3000 each year for 40 years, how much will you have at the end of 40 years assuming a 9% annual return? Submit your answer. Exercise 4 If you want to withdraw $15000 each year for 30 years, how much would you need to have saved today to fund these withdrawals? (Assume a 7% annual return.) Submit your answer. Exercise 5 If you purchase a machine and borrow $40000, what will your approximate monthly payment be if you pay back the loan over 5 years. Assume a 10% interest rate. Submit your answer. Exercise 6 You are considering purchasing a new machine for $64000 that will save $12000 per year for 8 years. If cost of capital is 12%, what is the net present value (NPV) of buying the new machine? Submit your answer. Should you purchase the machine