Carol just entered college Her grandparents have promised to give her $25,000 toward a new car if she graduates in 4 years Alternatively, if she takes 5 years to graduate, they offered her $5000 each year starting after her second year is complete and an extra $5000 when she graduates Draw the cash flow diagrams first Then, use i = 8% per year to show Carol how to use spreadsheet functions to determine the following for each gift her grandparents offered: Present worth P now Future worth F five years from now Equivalent annual amount A over a total of 5 years Number of years it would take Carol to have $25,000 in hand for the new car if she were able to save $5000 each year starting next year