Question 4 (0.2 points) What is the future value (in $) of cash flows 1-3 at the end Nyear 3. assuming a 6% interest rate compounded annually)? End of year 1 2 3 4 5 6 17 Cash flow $600 814 720 3.500 1,250 4.530 2,350 Your Answer: Answer Question 6 (0.2 points) You set up a college fund in which you pay $2500 each year at the beginning of the year. How much money (in %) will you have accumulated in the fund after 28 years, if your fund earns 12% compounded annually? Your Answer: Answer Question 7 (0.2 points) You are planning your retirement and you come to the conclusion that you need to have saved $3000000million in 30 years. You can invest into an retirement account that guarantees you a 10% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal? Your Answer: Answer N