This is an activity assignment for Chapter 5 . Show your work by filling out the input table under each calculation question, and then provide your answer. Late submission will NOT be accepted. (2 point) You want to open a 5-year CD using $4,000. The interest rate is 3.5% and it compounded annually. How much will you have when the CD matures? \begin{tabular}{|llll} \hline N= & PV= & PMT= & FV= \\ CPT( compute) & Calculated Answer: & & \\ \hline \end{tabular} (2 point) You are applying for a 15-year, 6.7\% loan(an installment loan). The loan requires you to make annual end-of-year loan payments of $1234.70. How much is the total loan amount that you are applying for? \begin{tabular}{|c|c|c|} \hline N=I/Y= & PV=PMT= & FV= \\ \hline CPT(compute): & Calculated Answer: & \\ \hline \end{tabular} (2 point) Sam is 50 years old. He finally sits down with a financial planner to do retirement planning. Sam plans to save $2,000 every year from now on for 20 years. If he can earn an annual interest rate of 6.8%, how much will he have in his retirement account when he retires in 20 years? (Hint: Sam will save the same amount of money in each of the following 20 years) \begin{tabular}{|lclc} \hline N=I/Y= & PV= & PMT= & FV= \\ CPT( compute): & Calculated Answer: & & \\ \hline \end{tabular} (2 point) Ben and Jen are planning for their wedding. The wedding day is 3 years from today. The wedding cost is $6,000. How much do they need to save, starting today, in every_year so that they can reach their savings goal by the end of the third year. The interest rate they can get is 11%. \begin{tabular}{|lccc} N=PV= & PMT= & FV= \\ CPT( compute) & Calculated Answer: & & \\ \hline \end{tabular} 5. Saving planning (2 points) Set up your own savings plan, by filling out the following blanks AND calculating your ending balance: - When you want to start saving? - If you save money annually, how much are you able to put in? (choose a realist achievable amount) - How many years do you plan to keep doing this? Based on the plan you created, calculate your savings result. Suppose you can earn 5% interest per year on your savings, how much will you get by the end of your savings time period? ( Indicate your input value for N, I, PV or PMT, and calculate your FV.)