a. how muchh would you have to invest today at 8% compunded anually to have $25,000 available forthe purchase of a car four years from now?

b. you want to put some money away every year to save for the down payment on a house in five years. the down payment amount will be $50,000. you can earn 8% coumpounded anually. how much do you need to invest yearly?

c. what is the present value of $15,000, to be received in 10 years, if the interest rate is 12%?