Please provide the value for each component N= , I=, PV=, FV=, etc so I can learn how to do it in the calculator. thank you

Future Value of $1 1. How much will you have in ten years if you invest $500 in an account that yields 7%

compounded annually?

2. Your salary is $53,000 per year. How much will you be earning in 4 years if you receive annual

merit increases of 10%?

Present Value of $1 3. You wish to accumulate $50,000 for your daughters education 18 years from today. You plan to invest in stock mutual funds and estimate earnings growth of 8% per year, compounded annually.

How much must you deposit today?

4. In 8 years, when you are 30 years old, you will receive an inheritance. The funds have beenplaced in an interest bearing account until you reach age 30, at which time, you will receive$50,000. If the interest rate on the invested funds is 8%, what is the value of the funds in the

account today?

Future Value of an Annuity 5. You wish to accumulate a retirement fund by investing $1,500 per year for the next 40 years.You estimate an average annual return on your balanced portfolio of 8%. How much do you

expect to have in your account in 40 years?a) Ordinary (1st payment made at the end of the year)b) Due (1st payment made today)