Table 1 Tax Rate Schedules If Taxable Income Is Between: 0 $9,700 $9,701 - $39,475 $39,476 $84,200 $84,201 - $160,725 $160,726 $204,100 $204,101 $510,300 $510,301 + Individual Taxpayers The Tax Due Is: 10% of taxable income $970 + 12% of the amount over $9,700 $4,543 + 22% of the amount over $39,475 $14,382.50 + 24% of the amount over $84,200 $32,748.50 + 32% of the amount over $160,725 $46,628.50 + 35% of the amount over $204,100 $153,798.50 + 37% of the amount over $510,300 3. Calculate the following: a) The future value of lump-sum investment of $4,000 in four years that earns 5 percent. b) The future value of $1,500 saved each year for three years that earns 6 percent. c) A person who invests $1,200 each year finds one choice that is expected to pay 3 percent per year and another choice that may pay 4 percent. What is the difference in return if the investment is made for four years? d) The amount a person would need to deposit today with a 5 percent interest rate to have $2,000 in three years