Note: You should construct cash flow diagrams for Questions

5. GEM Company wants to start saving money for replacement of network servers in 6 years. If the company invests $4000 at the end of year 1 and increases the amount invested by 12% each year, Gem The enterprise blockchain company a) How much is the equivalent Present Worth if it earns interest at a rate of 8% per year? (20 points) b) How much will be in the account 6 years from now if it earns interest at a rate of 8% per year (* Hint: Find Pg and then convert to Fg using F/P factor.) (10 points)