SHOW YOUR CALCULATIONS FOR #7-#20 You have the option of performing calculations manually BUT ARE STRONGLY ENCOURAGED to use a financial calculator or spreadsheet. Either way, you must specify what is being calculated to earn credit: 7. If you are earning a salary of $47,000 in 2019 and expect to receive 4% raises per annum on January 1, what do you anticipate your salary will be in 2027? s. What is the future value of a single $5,000 investment made today invested for 12 years at 8.3% compounded annually? 9. You hope to buy you r dream car 5 years from now. Today, that car costs $71,000 but industry experts project that prices will increase by an average of 3.25% per year over the next 5 years. How much will your dream car likely cost by the time you are ready to buy it? o. Your grandmother invested a lump sum for you 20 years ago earning an average of 7.5% she gave you the proceeds of that investment which is now worth $74,337. How much did she originally invest? per year over that time. Today 11. Buzzanca Industries has an unfunded waste site cleanup liability of $6 million that must be paid out in full 22 years from now. If the relevant annual discount rate is 6.75%, what is the present value of this liability