2. Calculate the present value of an annuity due which pays $1500 every year for the next five years, if the annual interest rate is 5%. 3. Calculate the number of years it will take for you to save $67.000 if you can invest $5.400 annually and if you start with a lumpsum of $3,500. Assume the market interest rate to be 4.55% per Jannum. Will your answer change if you start saving at the heginning of the vear rather than at the end of the year