Question 5 write the variable/ values used and the formula expression needed to calculated the answer

2) A typical pack-a-day smoker spends about $175 per month on cigarettes. Suppose the smoker were to instead invest that amount each month in a bank account earning 7.28% compounded monthly. What would the account be worth after 25 years? 3) Shepard Boyd wants to have a $25,000 down payment for a new house in 10 years. He gets paid semi-monthly. How much should he automatically deposit from each paycheck into a savings account earning 3.25% compounded semi-monthly to reach his goal? 4) Michael Bruce buys a house for $375,000. He pays $65,000 down and takes out a 30-year mortgage on the balance. If the interest rate on the loan is 6.5%, what are his monthly payments? 5) Suppose a $6,000,000 lottery jackpot is distributed to one lucky winner in 25 equal annual installments. Assuming an interest rate of 5.5%, what is the lump-sum jackpot's present value