1a). what is the present value of $8000 paid at the end of the next 17 years if the interest rate is 9% per year.

1b. you just turned 32 years old and decide to start saving for your retirement. you plan to save $6000 at the end of each year( so the first deposit will be one year from now), and will make the last deposit when you retire at age 65. suppose you earn 6% per year on your retirement savings, how much will you have saved for retirement right at the age of 65