Please show work. Thank you!!!!!

1) In 1975, the era of major league baseball free agency began. The average player salary was $16,000. In 1985, the average salary was $30,000. What was the average annual growth in the minimum salary in major league baseball over those ten years?

2) You need $32,000 at the end of 10 years. If you can earn 0.625% per month, how much would you need to invest today to meet your objective?

3) Given the following cash flows, what is the future value at year ten when compounded at an interest rate of 15.0%?

Year	0	1	5	10
Cash Flow	$4,000	$3,000	$2,000	$1,000

4) You dream of endowing a chair in finance at the local university that will provide a salary of $150,000 per year forever, with the first cash flow to be one year from today. If the university promises to invest the money at a rate of 5.5% per year, how much money must you give the university today to make your dream a reality?

5) You are saving money for a down payment on a new house. You intend to place $5,000 at the end of each year for four years into an account earning 6% per year. At the end of the fifth year, you will place $10,000 into this account. How much money will be in the account at the end of the fifth year?