JOE ONEIDA TIME VALUE OF MONEY PROBLEMS Determine the answers to the following questions using present and future value calculations. Round all answers to the nearest whole dollar. (1) Joe Oneida wishes to save $7,500 for a down payment on a new house. He can invest the money and earn an annual interest rate of 9%, compounded monthly. If he wants to accumulate the money by the end of three years, how much will he need to deposit at the beginning of each month in order to accumulate this amount? (2) Joe Oneida received an inheritance of $25,000 from a rich uncle who just recently died. If he can invest this money in U. S. Treasury Notes that earn 5.75% annually, with quarterly compounding, how much will he have in 10 years when the notes mature? (3) Joe Oneida is going to borrow money to purchase a car. He has determined that he can only make monthly payments of $175, at the end of each month, based upon his budget. If the annual interest rate that the bank charges on car loans is 6.5%, with interest compounded monthly, what is the maximum amount that he can borrow now if he will repay the loan in 5 years? (4) Joe Oneida needs $250,000 in five years to pay for expansion of his business. He can invest money at a 10% annual return, compounded quarterly. How much will he have to invest today in order to have the required money available for expansion