PLEASE SHOW WORK IF POSSIBLE

Part 1. you receive a gift of $15,000 that pays 2% return. This is an annuity that will pay out in four installments with the first payment to begin right away. what is the amount of the annual payments you will receive?

A. 3,786

B. 3939

C. 3862

D. 3750

part 2. you want to save for retirement by contributing $12,000 per year for each of the next 45 years. You expect to earn 7% annually on your retirement savings and your first payment will be made next year. how much will ou accumulate by the end of your savings?

A. 540,000

B. 3428992

C. 163266

D. 3669021

part 3. I wish to endow a scholarship that will pay $15,000 forever with the first award being made right away. if the rate of return on the endowment is 4%, how much is needed to fulfill the award?

A. 15,000

B. 390,000

C. 370,000

part 4. a firm presently has net income of $150,000. it expects short term growth to be 7.5% for 3 years and then trend downward to the industry average of 3.5% thereafter. what is the value of net income projected to be in 8 years?

A. 205285

B. 247983

C. 213084

D. 357732