PLEASE HELP ASAP. MUCH APPRECIATED

1. You are trying to save up for a big vacation. You want to take a trip around the world when you graduate in three years. If you can earn 16% on your investments, how much would you have to deposit now in order to have $20,000 when you graduate? 2. If you wish to accumulate S140,000 in 13 years, how much must you deposit today in an account that pays an annual interest rate of 14%? 3. If you deposited $500 in a savings account paying 6% interest, how much would you have in 15 years? 4. What will $247,000 grow to be in 9 years if it is invested today in an account with an annual interest rate of 10%? 5, what is the present value of $5,000 to be received in 7 years at an interest rate of 7%? 6, A loaf of bread today costs $1.28. If grocery prices are going up at the rate of 8% per year, how much will a loaf of bread cost in 6 years? 7. At 8%, how long would it take to triple your money? [Hint: Choose a present value (e.g $100) and a future value (e.g., $300) that "fit" the problem. Solve for the factor. $100-$300*pvtactor pvfactor = 0.333 in the table, look down the 1-8% column and find 0.333. The factor for n-14 is 0.34 and for n-15 is 0.315 Therefore, the time required is between and 15 years (closer to 14).] 8. At an interest rate of 12%, how long would it take a sum of money to double? 9. You can buy a parcel of real estate today that you estimate will bring $15,000 in 9 years Assuming your money can earn 9%, how much would you be willing to pay for the property? 10. An insurance company is willing to settle a dispute with you. They will pay you $7,000 per year for the next 8 years, or one lump sum right now. Assuming you can earn 6% on your investments, how much would you be willing to accept? 11. You currently receive $10,000 per year on a contract. You expect it to run another 7 years. Someone wants to buy the contract from you. If you can earn 12% on other investments of this quality, how much would you be willing to sell the contract for