Explain how to solve using financial calculator:

Intro You expect to receive a one-time payment of $1,000 in 8 years and a second payment of $1,500 in 13 years. The annual interest rate is 3%. Part 1 Attempt 2/3 for 10 pts. What is the present value of the combined cash flows? Part 2 Attempt 1/3 for 10 pts. If you invest the amount that you'll receive in 8 years, how much money will you have in year 13 (including the cash flow in year 13)? Part 3 Attempt 1/3 for 10 pts. If you invest the amount found in part 1 for 8 years, how much will you have at the end? Part 4 Attempt 1/3 for 10 pts. If you invest the amount found in part 3 for another 5 years, how much will you have at the end