How much would you need to deposit in an account now, such that in 5 years your account will have increased to $8,000, assuming you can earn 5% on the deposit as it grows? (Present Value) Hank wants to start a savings account that he and his wife can use for spending money in their retirement years. He wants to be able to withdraw $4,800 per year for at least 20 years. If the account earns 4%, what would he need to deposit now in order to have enough money on hand in retirement? (Present Value) Belinda plans to reduce her monthly spending by $75 per month. Calculate the future value of this savings over the next 8 years. (Hint: Calculate her annual deposit contribution, and assume an investment interest rate of 8%)