Problem 5-1 Future Value (LG5-1) Compute the future value in year 8 of a $3,500 deposit in year 1, and another $3,000 deposit at the end of year 3 using a 10 percent interest rate. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Furevae T ] Problem 5-28 Future Value (LG5-1) Given an interest rate of 10 percent, compute the year 9 future value if deposits of $1,200 and $2,200 are made in years 1 and 3, respectively, and a withdrawal of $750 is made in year 4. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Furevae [ ] Problem 5-13 Future Value of Multiple Annuities (LG5-2) Assume that you contribute $210 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $420 per month for another 25 years. Given a 6.0 percent interest rate, what is the value of your retirement plan after the 40 years? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Future value of multiple annuities | | Problem 5-4 Present Value of an Annuity (LG5-4) What's the present value of a $930 annuity payment over five years if interest rates are 9 percent? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Femme Problem 5-16 Present Value (LG5-4) You are looking to buy a car. You can afford $360 in monthly payments for four years. In addition to the loan, you can make a $1,900 down payment. If interest rates are 9.25 percent APR, what price of car can you afford (loan plus down payment)? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Presentvaue [ Problem 5-32 Investing for Retirement (LG5-4, LG5-9) Monica has decided that she wants to build enough retirement wealth, if invested at 8 percent per year, to provide her with $3,800 of monthly income for 20 years. To date, she has saved nothing, but she still has 25 years until she retires. How much money does she need to contribute per month to reach her goal? First compute how much money she will need at retirement, then compute the monthly contribution to reach that goal. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Contribution per month