. Pete Morton is planning to go to graduate school in a program of study that will take 3 years. Pete wants to have $13000 available each year for various school and living expenses. If he earns 4 percent on his money, how much must be deposit at the start of his studies to be able to withdraw $13000 a year for 3 years? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

8. Carla Lopez deposits $8670 a year into her retirement account. If these funds have an average earning of 9 percent over the 15 years until her retirement, what will be the value of her retirement account? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

9. If a person spends $33 a week on coffee (52 weeks in a year), what would be the future value of that amount over 7 years if the funds were deposited in an account earning 7 percent? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

10. A financial company that advertises on television will pay you $58,000 now for annual payments of $10,900 that you are expected to receive for a legal settlement over the next 9 years. Assume you estimate the time value of money at 10 percent. Use the appropriate time value of money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]. (a) What is the present value? (Round your answer to the nearest whole number. Omit the comma, period, and "$" sign in your response.) (b) Would you accept this offer? [Enter "Yes" or "No"]