Exercise 1 How much will $2000 grow to over 20 years if the annual rate of return is 6%? Submit your answer. Exercise 2 If you need $20000 in 14 years, how much should you set aside today? Assume an 8% annual return? Submit your answer. Exercise 3 If you invest $2000 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 $20000, what will your approximate monthly payment be if you pay back the loan over 5 years. Assume a 10% interest rate