Answer the following questions using R and submit your solutions in an RStudio-generated Word document (or a set of Word documents):

1. If Martha invests $500 today in an account that earns 12.34% per year in compound interest, how much will she have in 12 years?

2. I Scream Ice Cream Company is considering selling several of its plants. The firm expects to sell plant A, which has a discount rate is 6%, for an expected cash flow of $800,000 in 3 years and plant B, which has a discount rate is 8%, for an expected cash flow of $800,000 in 3 years. What is the value of plant A? The plants are expected to produce no cash flows other than the cash produced when they are sold.

3. What is the cost of capital of the I Scream Ice Cream Company plant in Texas if it is worth $1,000,000 and is expected to produce no cash flows other than the cash produced when it is sold in 4 years for an expected cash flow of $1,400,000?

4. In how many years from today is the I Scream Ice Cream Company plant in Florida expected to be sold if it is worth $1,000,000, has a cost of capital of 8.20 percent, and is expected to produce no cash flows other than the cash produced when it is sold for an expected cash flow of $1,300,000?

5. How much will Emilia have when she retires if she retires in 7 years, invests $30,000 per year for 7 years, and she makes her first annual contribution in 1 year from today to an account that earns 9.0 percent per year and also makes a special extra investment of $20,000 in 2 years?