thank you in advance for your help

1. A student received some cash gifts when they graduate from college (call that variable GIFT) that they deposit into a bank. They hope it will earn enough to buy a boat when they retire (call that variable BOAT) in 40 years. If the local bank pays interest at 4.5% per year compounded annually, how much must the student's gift be to afford the boat? Group 1: your boat is $50,000 Group 2: your boat is $55,000 Group 3: your boat is $60,000 Group 4: your boat is $65,000 Group 5: your boat is $$70,000 Group 6: your boat is $75,000 a) Calculate GIFT by hand. b) Plot how much $ is in your bank account each year. c) Draw a flow chart that would help you make some decisions in the present to change the problem (you can retire earlier, get a different boat, find a different bank). Include in your flow chart at a minimum the following features ovals (start/stop), rectangles (instructions or actions), diamonds (decisions), parallelograms (data input/output) and flow lines with arrows. 1. A student received some cash gifts when they graduate from college (call that variable GIFT) that they deposit into a bank. They hope it will earn enough to buy a boat when they retire (call that variable BOAT) in 40 years. If the local bank pays interest at 4.5% per year compounded annually, how much must the student's gift be to afford the boat? Group 1: your boat is $50,000 Group 2: your boat is $55,000 Group 3: your boat is $60,000 Group 4: your boat is $65,000 Group 5: your boat is $$70,000 Group 6: your boat is $75,000 a) Calculate GIFT by hand. b) Plot how much $ is in your bank account each year. c) Draw a flow chart that would help you make some decisions in the present to change the problem (you can retire earlier, get a different boat, find a different bank). Include in your flow chart at a minimum the following features ovals (start/stop), rectangles (instructions or actions), diamonds (decisions), parallelograms (data input/output) and flow lines with arrows