Please full calculation and explanation.

FUTURE VALUE PROBLEMS he Be year of nevolent Company has agreed to lend you funds to complete the last your degree. The Company will lend you $2,400 today, if you agree to y a lump sum of $4,000 4 years from now. What is the approximate annual rate of interest that Benevolent is charging you? You discover $40,000 under your pillow, which can be invested at a rate of 8% 2. per year, compounded semi-annually. If you spend $11,435 per year, how long will the money last? What amount would you have in a retirement account if you made monthly deposits of $1000 for 20 years earning 9%, compounded quarterly? 3. PRESENT VALUE PROBLEMS 1. Your parents have promised to give you a graduation present of $5,000 when you graduate in four years' time. If interest rates stay at 6% compounded annually for the next four years, how much is this money worth in today's dollars? 4 6 2. To have $6,000 for a child's education in 10 years what amount should a parent deposit in a savings account now that earns 12%, compounded quarterly? CIN