Answer answer #8, 9, and 10 only please

c. The amount a person would have to deposit today (present value) at a 6 percent interest rate to have $1,000 five years from now d. The amount a person would have to deposit today to be able to take out $500 a year for 10 years from an account earning percent 7. Calculating the Future Value of a Series of Amounts. Elaine Romberg prepares her own income tax return each year. A tax preparer would charge her $80 for this service. Over a period of 10 years, how much does Elaine gain from preparing her own tax return? Assume she can earn 3 percent on her savings. (Obj. 4) years, what amount would you need to deposit today? Assume that your money will earn 5 percent. (Obj. 4) three years. Pete wants to have $12,000 available each year for various school and living expenses. If he earns 4 percent on his 8. Calculating the Time Value of Money for Savings Goals. If you desire to have $20,000 for a down payment for a house in five 9. Calculating the Present Value of a Series. Pete Morton is planning to go to graduate school in a program of study that will take 10. Using the Time Value of Money for Retirement Planning. Carla Lopez deposits $3,000 a year into her retirement account. If these funds 11. Calculating the Value of Reduced Spending. If a person spends $15 a week on coffee (assume $750 a year), what would be the 12. Calculating the Present Value of Future Cash Flows. A financial company advertises on television that they will pay you money, how much must be deposited at the start of his studies to be able to withdraw $12,000 a year for three years? (Obj. 4) have an average earning of 9 percent over the 40 years until her retirement, what will be the value of her retirement account? (Obj. 4) future value of that amount over 10 years if the funds were deposited in an account earning 3 percent? (Obj. 4) $60,000 now in exchange for annual payments of $10,000 that you are expected to receive for a legal settlement over the next 10 years. If you estimate the time value of money at 10 percent, would you accept this offer? (Obj. 4) 4 percent. What would be the future value of this savings amount? (Obj. 4) what would be the amount of each payment? (Note: Use the present value of an annuity table in the chapter appendix.) (Obj. 4) 13. Calculating the Potential Future Value of Savings. Tran Lee plans to set aside $2,400 a year for the next six years, earning 14. Determining a Loan Payment Amount. If you borrow $8,000 with a 5 percent interest rate, to be repaid in five equal yearly payments