Chapter 8 In dos assignment-submitted in Canvas Use these factors to answer questions i PV$1 FV$1 PVA FVA 2 8% 0.85734 1.16640 1.78326 2.0800 5 6% 0.74726 1.33823 4.21236 5.6371 60 0.50% 0.74137 1.34885 51.72556 69.7700 SN 1. You decide to save $375 every month for five years to buy a new car. How much will you have at the end of the five years if you earn 6%? S (round to nearest dollar) 2. You want to buy a $25,000 car today and will be making monthly payments for the next five years. What is your car payment if your borrowing rate is 6%?$ fround to nearest dollar) 3. You accepted a job offer with a local company that has offered to give you a signing bonus of $10,000 today or a $11,500 bonus in 2 years (guaranteed). Your current investment rate is 8%. What is the best economic decision, take the bonus today or wait 2 years? 4. You plan to invest $5,000 every year for the next 5 years. What will be the value of your investment at the end of the 5 years if you can earn 6% annual interest? $ fround to nearest dollar) 5. Your grandparents have decided to give you 515,000 for grad school but they want to wait 2 years to give it to you Assuming your grandparents are earning 8% annually, how much do they need to invest so that have the $15,000 to give you in 2 years found tonnarest dollar