Please answer all 4 questions. Thanks in advance.

1. What is the present value of a security that will pay $14,000 in 20 years if securities of equal risk pay 3% annually? Do not round intermediate calculations. Round your answer to the nearest cent.

2. Your parents will retire in 19 years. They currently have $260,000 saved, and they think they will need $1,300,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.

3. An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $500 at the end of Year If other investments of equal risk earn 12% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent. What is the present value? What is the future value?

4. You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $300. The loan will have a 9% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? What is the most expensive car you can afford if you finance it for 60 months? Round to nearest cent for both.