Solve the following set of problems. Show your work using the Texas Instruments BAII+ Financial Calculator no points will be awarded without showing work. In other words, show me what you entered for N, I/Y, PV, PMT, and FV.(Note that these are three separate problems and are not related to each other.):

1. You invest $25,000 today and $4000 per year for 32 years. Assuming you earn an 8.5% rate of return, how much will you have at the end of the 32^nd year?
2. You want to borrow $25,000. For the loan to you must repay $1100 every quarter (4 times per year) for the next 5 years plus $8700 at the end of the 5 years. Based on this, what rate of interest are you paying?
3. Finally, assume you currently have $215,000 that you are ready to invest for retirement. In addition, you plan to save
   • $8,500 per year at the end of each year for years 1-9
   • $13,000 at the end of year 10
   • $18,500 per year at the end of each year for years 11-18

Assuming you earn 8.7% as an annual rate of return, how much will you have 18 years from today when you retire?