answer all the problems by first giving the right formulas (without numbers) and then computing the numerical answers and results.

Showing ALL your work is required.

please answer the question in bald

1. Henry makes a short-term investment of $12,500 at a 4% interest rate for 1 year. How much will he receive at the end of the year?

2. He makes a new investment for a longer period of time. He invests $8,000 at an 8% interest rate per year. How much will he receive after 7 years? What is the amount of interest?

3. After 5 years, Henry wants to spend $12,000 for a road trip. How much should he deposit into his bank account now that pays an interest rate of 6%?

4. We suggest that Henry invests $15,000 during 12 years in a project that earns $28,000. What is the interest rate?

5. Henry has a balance of $5,500 in his bank account that earns 9% each year. How many years does he need to wait before buying a car that costs $12,430?

6. Henry opens a savings account that has a 4.5% annual interest rate. After 18 months, he receives $75,000. How much did he invest?

7. Henry invests $14,000 at a 3.5% annual interest rate. His brother Bob invests at the same time $12,000 at a 6.75% annual interest rate. When do the two investments have the same future value?