Question $1$b$.($Please use show formulas and timelines$-$draw, write, etc, thank you. I grade on people showing all calculations, timelines, and steps$/$formulas$.$

Computing the Time Value of Money. Using a financial calculator or time value of money tables in the Chapter Appendix, calculate the following.

a$.$ The future value of $$877$ eight years from now at $7$ percent, monthly frequency

b$.$ The future value of $$877$ eight years from now at $7$ percent, compounded quarterly.

c$.$ The future valu of $$2500$ saved each year for $20$ years at $13$ percent, compounded monthly.

d$.$ The amount a person would have to deposit today $($present value$)$ at an $8$ percent interest rate to have $$10,000$ USD, $20$ years from now, please use monthly frequency of discounting.

e$.$ The amount a person would have to deposit today to be able to take out $$600$ a year for $10$ years from an account earning $8$ percent, using monthly discounting.