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Assume that the time period for each scenario is 5 years, and the interest rate is 3 % . A . Jamie Lee needs to

Assume that the time period for each scenario is 5 years, and the interest rate is 3%.
A. Jamie Lee needs to save a total of $7,000 in order to get started in her cupcake caf venture. She is presently depositing $1,750 a
year in a regular savings account. Calculate the future value of these deposits.
B. Assuming that she leaves her emergency fund of $1,400 untouched, how much will her emergency fund be worth?
C. What if Jamie Lee had a relative that could give her money now that she could invest? What is the minimum amount she would
need now to ensure that she had $7,000 when she wanted to open the cupcake caf?
D. As Jamie Lee is planning ahead for operating the cupcake caf, she calculates that she will need $26,000 per year in salary. What
is the value of five years of salary when the cupcake caf opens? (Assume that she will take the salary as a one-time payment each
year.)
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