Please explain the following.

#1. Two Years Future ValueWhat is the future value of $7,000 deposited for two years earning 8% interest rate annually?

a. $1,165

b. $8,165

c. $7,000

d. $15,165

#2. Future Value of an AnnuityWhat is the future value of a $1,500 annuity payment over 8 years if the interest rates are 7 percent?

a. $15,389.70

b. $13,384.21

c. $12,840.00

d. $2,577.28

#3. Future Value of an AnnuityWhat is the future value of a $1,100 annuity payment over 9 years if the interest rates are 7 percent?

a. $10,120.48

b. $13,175.79

c. $2,022.31

d. $10,593.00

#4. Present Value of an AnnuityWhat is the present value of a $500 annuity payment over 7 years if interest rates are 10 percent?

a. 2,667.46

b. $974.36

c. $256.58

d. $2,434.21

#5.Present Value of a PerpetuityWhat's the present value, when interest rates are 6.50 percent, of a $200 payment made every year forever?

a. $2,000.00

b. $1,300.00

c. $13.00

d. $3,076.92

Thank you!