3. Salma just entered college. Her grandparents have promised to give her $25,000 toward a new car if she graduates in 4 years. Alternatively, if she takes 5 years to graduate, they offered her $5000 each year starting after her second year is complete and an extra $5000 when she graduates. Draw the cash flow diagrams first. Then, determine the following for each gift her grandparents offered: (use i = 8% per year) a) Present worth P now b) Future worth F five years from now c) Equivalent annual amount A over a total of 5 years d) Number of years it would take Salma to have $25,000 in hand for the new car if she were able to save $2000 each year starting next year. 3. Salma just entered college. Her grandparents have promised to give her $25,000 toward a new car if she graduates in 4 years. Alternatively, if she takes 5 years to graduate, they offered her $5000 each year starting after her second year is complete and an extra $5000 when she graduates. Draw the cash flow diagrams first. Then, determine the following for each gift her grandparents offered: (use i = 8% per year) a) Present worth P now b) Future worth F five years from now c) Equivalent annual amount A over a total of 5 years d) Number of years it would take Salma to have $25,000 in hand for the new car if she were able to save $2000 each year starting next year