Continuing Case 3. Time Value of Money Use the tables below and Exhibit 1 A. Exhibit 1-8. Exhibit 1.C. Exhibit 1.D to calculate the balances of the information provided below. Assume that the time period for each scenario is 5 years, and the interest rate is 4% A. Jamie Lee needs to save a total of $5,000 in order to get started in her cupcake caf venture. She is presently depositing $1,250 a year in a regular savings account Calculate the future value of these deposits times Future value of annuity factor Future Value of a Series Current amount of Deposits equals Future value amount S 0.00 8. Assuming that she leaves her emergency fund of $1.000 untouched, how much wither emergency fund be worth? Regular deposit amount times Future value factor Future Value of a Single Amount equals Future value amount 5 000 C. What 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 cafe? Future amount desired times Present Value of a Single Amount Present value factor equals Present value amount 0.00 D. Au Jamie Lee is planning ahead for operating the cupcake cate, she calculates that she will need $27000 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year) Regular amount to Present Value of a Presen alue Present value of equals annuity factor Series of Deposits be withdrawn times amount S 0.00