3. You expect to receive $15,000 in 8 years. Your opportunity cost is 11%, compounded annually. What is the current value to you today? 4. You plan to deposit $9500 per quarter into an account that will earn 12%. At the end of 15 years, how much will you have saved in this account? 5. You are borrowing $750,000 to invest in a commercial real estate property. The loan requires quarterly payments, each made at the end of the quarter. The loan period is 5 years, and the interest rate is 8%. What will your payment be? 6. You have just reached retirement, and are trying to decide how much you can withdraw from your savings each year at the beginning of the year. You anticipate living 25 years, and have saved $3 million. If you believe interest rates will remain 8% over the entire period, how much can you withdraw? 7. Dave's Manufacturing reported the following income statement for 2019: Sales Raw materials Wages Depreciation Gen/Admin $48,000,000 19,000,000 3,500,000 6,000,000 $85,000,000 www.w