Please complete the following time value of money questions. You must show your calculations and you must use the TABLES to do those calculations (thus, you must show the factor that you have used from the table when documenting how you arrived at your answer, and you must use the factors as they are shown in the tables. Do not round them). However, please round your final answers to two decimal places (i.e., show dollars and cents). 1. You will begin receiving annual gifts from your uncle this year. You will be paid the distributions in twelve separate payments. That is, starting with the end of this year, you will be receiving $10,000 each year, for 12 years in total. Assuming you are having the money deposited into an account that earns 7% interest, compounded annually, how much will be in the account at the end of the 12 years? 2. You got lucky, and won a cash prize of $50,000! If you invest the money in an interest- earning bank account that pays 5% interest, compounded semi-annually, how much will this cash prize be worth after 7 years? 3. You are just about to start giving your favorite charity an annual gift of $10,000 (at the end of each year). Thus, you need to withdraw $10,000 each year from your interest- earning bank account. You expect to be giving your favorite charity this gift for the next 5 years and for your bank account to earn 7%, compounded annually. How much money do you need in the account today in order to make these withdrawals? Please complete the following time value of money questions. You must show your calculations and you must use the TABLES to do those calculations (thus, you must show the factor that you have used from the table when documenting how you arrived at your answer, and you must use the factors as they are shown in the tables. Do not round them). However, please round your final answers to two decimal places (i.e., show dollars and cents). 1. You will begin receiving annual gifts from your uncle this year. You will be paid the distributions in twelve separate payments. That is, starting with the end of this year, you will be receiving $10,000 each year, for 12 years in total. Assuming you are having the money deposited into an account that earns 7% interest, compounded annually, how much will be in the account at the end of the 12 years? 2. You got lucky, and won a cash prize of $50,000! If you invest the money in an interest- earning bank account that pays 5% interest, compounded semi-annually, how much will this cash prize be worth after 7 years? 3. You are just about to start giving your favorite charity an annual gift of $10,000 (at the end of each year). Thus, you need to withdraw $10,000 each year from your interest- earning bank account. You expect to be giving your favorite charity this gift for the next 5 years and for your bank account to earn 7%, compounded annually. How much money do you need in the account today in order to make these withdrawals