Question: Write out the appropriate formula by hand and show how each result was determined also Use the TVM Solver App on your calculator to confirm

Write out the appropriate formula by hand and show how each result was determined also Use the TVM Solver App on your calculator to confirm your results by writing out what appears on the calculator screen.

a) Find the future value of $35,000 invested for 20 years that earns 2.25% annual interest compounded quarterly. Round your answer to the nearest cent.

b) Determine the principal necessary to earn $950,000 over 40 years at 13% annual interest compounded daily. Round your answer to the nearest dollar.

c) Find the future value of an annuity that has $289 deposited at the beginning of each quarter for 17 years and whose money earns 5% compounded quarterly. Round your answer to the nearest cent.

d). Find the monthly payments that must be made into a sinking fund to accumulate $89,456 in 8.5 years if this ordinary annuity earns 5.18%. Round your answer to the nearest dollar.

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