Complete the following problems How much will you have saved after years by contributing $2,400 at the end of each year if you expect to earn 9% on the investment? (1) A business owner plans to deposit his annual profits in an investment account earning a 7% annual return. If the owner starts with their first deposit today for $13,000 and expects to make the same profit for the next 10 years, how much will be saved for retirement at that point? (2) An investor plans to invest $1,000 a year and expects to get a 6.5% return. If the investor makes these contributions at the end of the next 25 years, what is the present value of this investment today? What is the present value (PV) of a 10-year lease arrangement with an interest rate of 8% that requires annual payments of $6,500 per year with the first payment being due now? (5) A recent college graduate hopes to have $250,000 saved in a retirement account 20 years from now by contributing 5200 per month in a 401(k) plan. The goal is to earn 8.5% annually on the monthly contribution. How much money will this person have at the end of 20 years? How much will they have at the end of 30 years