Case A. Jamie Lee needs to save a total of $9,000 in order to get started in her cupcake care venture. She is presently depositing $1800 a year in a regular savings account. Calculate the future value of these deposits B. Assuming that she leaves her emergency fund of $3,100 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 trivest? What is the minimum amount she would need now to ensure that she had $9,000 when she wanted to open the cupcake cafe? D. As Jamie Lee is planning ahead for operating the cupcake cafe, she calculates that she will need $24,000 per year in salary. What is the value of five years of salary when the cupcake cafe opens? (Assume that she will take the salary as a one-time payment each year.) Use the table below and Exhibit 1-A. Exhibit 1-B, Exhibit 1-C. and Exhibit 1-D to calculate the balances of the information provided above. Assume that the time period for each scenario is 5 years, and the interest rate is 2% A. Future Value of a Series of Deposits Current amount times Future value factor equals Future value amount B. Future Value of a Single Amount Regular deposit amount times Future value of annuity factor equals Future value amount C. Present Value of a Single Amount Future amount desired times Present value factor equals Present value amount D. Present Value of a Series of Deposits Regular amount to Preses Present value Pray 1 of 1 Next