Part l: Annuities -Use your tables to answer each item below. 1. You are planning to invest $1500 per year for the next 8 years @ 7%. What is the FV of this annuity? 2. What is the FV of $8000 invested annually (at the end of each year) at a rate of 10%, for 8 years? 3. You are planning to invest $500 each year for 4 years and will earn 10% per year. Determine the FV of this annuity problem if your first $500 is invested at the end of the year. Assume you are planning to invest $5,000 each year for 6 years and will earn 8% per year. Determine the FV of this annuity. 5. What is the PV of a 5-year lease arrangement that has an interest rate of 9% and requires annual payments of $10,000 per year? Part Il: Frequent compounding - Use your tables to answer each item below 1. How would your answer in #2 above change if the investment was paid and compounded semi- annually? 2. What is the PV of $50,000 if the discount rate is 8%, compounded quarterly, for 5 years? 3, What is the FV of a $14,000 investment that is earning 6%, compounded semi-annually for 12.5 years? 4. What is the FV of $1000 quarterly payments invested at 12%, compounded quarterly for 4 years