please see attachments for directions. please only correct questions 3 and 5 thank you

PV FV nper rate FV 1. You deposit $ 760 in an account one time that compounds monthly at 2 percent. How much will you have $ 760.00 ? 10 2% $926.44 PV FV nper rate PV 2. A balloon payment of $ 21,000 on your house is due in 10 years. If you can earn an average of 5 percent p ? $ 21,000.00 10 5% $12,892.18 3. If you want an effective rate of 5 percent, what is an acceptable quoted rate if money is compounded mo Rate 5% Compounded Monthl 0.417% Rate compounded monthly for a year 4. If inflation averages 4 percent per year, how much purchasing power will $ 1.00 lose in 10 years? PV $ 1.00 FV ? nper 10 rate 4% FV $1.48 Purchasing power -48% Therefore, purchasing power will decrease by 48% 5. At the beginning of each year, you deposit the following into a growth mutual fund that earns 6 percent per year: Year De Year Deposit Rate Factor FV 0 $ 0.06 1.3382255776 $ 1 $ 5,000.00 0.06 1.26247696 $ 6,312.38 2 $ 7,500.00 0.06 1.191016 $ 8,932.62 3 $ 4,500.00 0.06 1.1236 $ 5,056.20 4 $ 5,500.00 0.06 1.06 $ 5,830.00 5 $ 6,200.00 0.06 1 $ 6,200.00 FV $ 32,331.20 6. Rochelle Kotter wants to attend a university 5 years from now. She will need $ 88,000. Assume Rochelle's FV $ 88,000.00 Rate compounded mo 0.25% Rate compounded monthly for 5 years nper 60 PV PV ? $75,756.48 cent. How much will you have in your account at the end of 10 years? earn an average of 5 percent per year for the 10- year period, how much must you place into an account today to have the $ 21,000 in 10 if money is compounded monthly? ns 6 percent per year: Year Deposit d $ 88,000. Assume Rochelle's bank pays 3 percent interest for a 5- year CD compounded monthly. What must Rochelle deposit today to day to have the $ 21,000 in 10 years? ust Rochelle deposit today to accumulate $ 88,000 in 5 years? 1. Show your original answer 2. Show your corrections. 3. Detail your explanation Questions 3 and 5 I had deductions on please correct. I attached original answer sheet