Instructions: After reading the learning materials in this module, answer the following questions. Specifically, you will need to use the financial tables at the end of Chapter 1 in your eBook for the present value or future value factors (the same Exhibits I used for the examples in the lecture notes). You MUST show the full calculation written out with the PV/FV factor to earn full credit. 1. Jamie needs to save a total of $5,000 in order to get started in her cupcake caf venture. She is currently depositing $1,250 a year in a regular savings account. Assume Jamie is making the deposits yearly for 5 years at a 4% interest rate. Will she have saved at least the $5,000 she needs after 5 years? A. Does this scenario represent a future value or present value calculation? How do you know? (3 points) B. Does this scenario represent an annuity or single amount factor? How do you know? (3 points) C. Calculate how much Jamie has saved after 5 years. (3 points) 2. What if Jamie had a relative that could give her money right now so Jamie could invest it and end up with the $5,000 when she was ready to open the caf? What is the minimum amount that Jamie's relative should give her right now to ensure that she had the $5,000 when she wanted to open the caf? A. Would this scenario represent a future value or present value calculation? How do you know? (3 points) B. Would this scenario represent an annuity or single amount factor? How do you know? (3 points) C. Calculate the minimum amount Jamie's relative should give her right now. Assume Jamie wants to open the caf 5 years from now and she can earn 4% annual interest. (3 points) 3. As Jamie is planning ahead for operating the caf, she calculated that she would need $24,000 per year for 5 years in salary. Assume an annual interest rate of 4%. What is the value of this salary at the time the caf opens? A. Does this scenario represent a future value or present value calculation? How do you know? (3 points) B. Does this scenario represent an annuity or single amount factor? How do you know? (3 points) C. Calculate the value of the salary when the caf opens. Assume that she will take the salary as a one-time equal payment each of the 5 years. (3 points) 4. Explain the importance of considering the time value of money when making financial decisions. (2 points) Submission: Upload a Word document or PDF file. Please clearly label each