Question $3$: Juggernaut has a customer offering in a long$-$term contract to pay the company $$875,000$ at the end of each year for $3$ years. If a $5\%$ annual discount rate is assumed, what is the present value of this long$-$term contract? Use the PV formula.

Question $4$: Assume the same details as Question $3,$ except that the customer is offering to pay the company $$875,000$ at the beginning of each year for $3$ years. Use the PV formula.

Question $5$: Juggernaut needs $$3,900,000$ in $8$ years to purchase new land for expansion. How much should the company deposit at each year$-$end in their $12\%$ annual interest investment fund? Use the PMI formula.

Question $6$: Assume the same details as Question $5,$ except that the company will make semiannual deposits and assume semiannual interest compounding. Use the PMI formula.