2. $8000 received each year for 20 years on the last day of each year if your investments pay 10 percent compounded annually. What is the present value of the annuity streams? 3.A family spends $12000 a year for living expenses. If prices increase by 4 percent a year for the next 8 years, what amount will the family need for its living expenses? I 4. Using financial calculator or time value of money tables, calculate the following: a. The future value of $7000 saved each year for 15 years at 8 percent. b. The present value of $8000 saved cach year for 20 years at 9 percent. c. The amount that a person would have to deposit today in order to be able to take out $15000 a year for 4 years for the education from an account carning 7 percent per year. 5. If you desire to have $80,000 for a down payment for a house in 7 years, what amount would you need to deposit today? Assume that your money will earn 10 percent per year