Please answer it accurately, fully, and be clear to which the answer.

Lump Sums Select.; | payments are known as lump sums, we can solve for the future value or the present value of a lump sum as we discuss below Finding the future value (FV) or select is the process of going from today's values to future amounts. The FV equation is: FVs = PV(1+1)x Here, PV-present value; I-interest rate per year, and N-number of periods. You can use calculators and spreadsheets to find future values. A graph of the -Select interest rates. The greater the interest rate, the Select the growth rate process shows how any sum grows over time at various Finding the present value (PV is called issount the given future amount. The PV equation is and it is simply the reverse of -Selectin general, the present value of a cash flow due N years in the future is the amount which, if it were on hand today, would grow to equal Present value interest A graph of the discounting process shows how the present value of any sum to be received in the future decreases and approaches -Select-as the years to receipt increases, and the present value declines faster at -Select- rates. The fundamental goal of financial management is to maximize the firm's value, and the value of any asset is the Select- value of its expected future cash flows. One can solve for cither the interest rate or the number of periods using the FV and the PV cquations. The casiest way to solve for these variables is with a financial calculator or a spreadshoet. uantitative Problem 1: You deposit $1,500 into an account that pays 3% per year. Your plan is to withdraw this amount at the end of S years to use or a do n payment on a ne years? Round your answer to the nearest cent. Dnot round intermediate calculations. ca o much ! you be abe to ithdraw at the end of S uantitative Problem 2 Today, you invest a lu e sum amount in an equity und that provides an 8% annual eturn. You would like to have $12 100 n 6 years to heb with a down payment or a home. How much do you need to deposit today to reach your $12,100 goal? Round your answer to the nearest cent. Do not round intermediate calculations. Check My Work (2 remaining) Icon Key