Complete the following nine (9) independent questions. (Show your work!) - For questions 2-6, an answer only without detail steps as to how the question was solved will result in minimal points. Note: Some questions include a note "Tables needed..." this implies that you need to use a text table, a business calculator, or EXCEL. If you use text tables to answer the questions make sure you reference the exact table (and page #). Show each step of your work. If you use a business calculator (i.e. HP12C) please reference the calculator and the EXACT order and detail of the inputs and buttons used to answer the question. If you use EXCEL provide inputs and cell formulas. Note: This assignment will likely take 1 to 2 hours dependent upon your experience using the tools (business calculator, etc.) recommended. Do NOT spend more than 2.5 hours on this assignment. If you are spinning your wheels on a question, you are expected to carry out the following 3- steps. Make sure to number each step (.e. 1.). 1. Document what you think the approach would be to solve. 2. Provide an estimate for the answer (give a range). 3. Explain how your arrived (logic) at your ballpark estimate. Future value of annuity. (Tables needed.) Pearson Corporation having recently issued a $25 million, 10-year bond issue, is required to make annual year end sinking fund deposits of $1,800,000. The deposits are made on the last day of each year and yield a return of 5%. 1. Compute the fund balance at the end of the 10 years. 2. Compute the additional annual deposit amount that should have been made at the end of each of the 10 years to accumulate the $25 million. Compute the annual rent. (Tables needed.) Crone Co. has machinery that cost $150,000. It is to be leased for 15 years with rent received at the beginning of each year. Crone wants a return of 10%. Compute the amount of the annual rent. What interest rate (the nearest percent) must Charlie earn on a $452,000 investment today so that he will have $1,140,000 after 12 years? (Tables needed.) Complete the following nine (9) independent questions. (Show your work!) - For questions 2-6, an answer only without detail steps as to how the question was solved will result in minimal points. Note: Some questions include a note "Tables needed..." this implies that you need to use a text table, a business calculator, or EXCEL. If you use text tables to answer the questions make sure you reference the exact table (and page #). Show each step of your work. If you use a business calculator (i.e. HP12C) please reference the calculator and the EXACT order and detail of the inputs and buttons used to answer the question. If you use EXCEL provide inputs and cell formulas. Note: This assignment will likely take 1 to 2 hours dependent upon your experience using the tools (business calculator, etc.) recommended. Do NOT spend more than 2.5 hours on this assignment. If you are spinning your wheels on a question, you are expected to carry out the following 3- steps. Make sure to number each step (.e. 1.). 1. Document what you think the approach would be to solve. 2. Provide an estimate for the answer (give a range). 3. Explain how your arrived (logic) at your ballpark estimate. Future value of annuity. (Tables needed.) Pearson Corporation having recently issued a $25 million, 10-year bond issue, is required to make annual year end sinking fund deposits of $1,800,000. The deposits are made on the last day of each year and yield a return of 5%. 1. Compute the fund balance at the end of the 10 years. 2. Compute the additional annual deposit amount that should have been made at the end of each of the 10 years to accumulate the $25 million. Compute the annual rent. (Tables needed.) Crone Co. has machinery that cost $150,000. It is to be leased for 15 years with rent received at the beginning of each year. Crone wants a return of 10%. Compute the amount of the annual rent. What interest rate (the nearest percent) must Charlie earn on a $452,000 investment today so that he will have $1,140,000 after 12 years? (Tables needed.)