Explain the questions and shows me how to do it using a financial calculator: Katlyn needs to invest $$5,318$ today for her savings account to be worth $$8,000$ six years from now.

Which one of the following terms refers to the $$5,318?$

A$.$ Present value

B$.$ Compound value

C$.$ Future value

D$.$ Complex value

E$.$ Factor value

The future value of a lump sum investment will increase if you:

A$.$ decrease the interest rate.

B$.$ decrease the number of compounding periods.

C$.$ increase the time period.

D$.$ decrease the time period.

E$.$ decrease the lump sum amount.

You have a sub$-$contracting job with a local firm. The job is expected to last for $5$ years, and the firm

agrees to pay you $$6,\frac{000}{?}$ month, with payments sent to your checking account end of every month. The

account pays an interest of $1\%$ per month, what is this job worth today?

A$.$ $$360,000$

B$.$ $$269,730$

C$.$ $$490,018$

D$.$ $$302,000$

E$.$ I did not get the job. So$,$ I hen't care!

Janet plans on saving $$3,000$ a year and expects to earn $8\mathrm{.}5\%$ per year. How much will Janet have at

the end of $35$ years if she earns what she expects? The figures shown are rounded to whole dollars.

A$.$ $$519,317$

B$.$ $$548,150$

C$.$ $$578,105$

D$.$ $$444,869$

E$.$ $$556,063$

Today is Oct $3,2023.$ Jimmy walks to a Loan Shark Agency and receives $$1,000\mathrm{.}00$ cash. Jimmy

gave away his paycheck for $$1,070\mathrm{.}00$ that he would have received on October $15,2023.$

What is the interest rate earned by the Loan Shark Agency?

A$.0\mathrm{.}89$ percent per day

B$.0\mathrm{.}73$ percent per day

C$.0\mathrm{.}0057$ percent per day

D$.0\mathrm{.}57$ percent per day

E$.$ The answer cannot be determined with the information provided.