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Assume that the time period for each scenario is 5 years, and the interest rate is 2 What if Jamie Lee had a relative that

Assume that the time period for each scenario is 5 years, and the interest rate is 2What 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 $5,000 when she wanted to open the cupcake caf?
As Jamie Lee is planning ahead for operating the cupcake caf, she calculates that she will need $29,000 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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