the present or the future value of that annuity. Select all of the scenarios where the amount asked for is the present value. Some, none, or all of the given scenarios may be present values. Note that you are not being asked to calculate any of these values, only to determine whether they are present or future values. Five years ago, Dave and Jess started setting aside $500 at the start of each month as savings toward a house downpayment. They deposited the money in an account that has paid 3.75%. How much do they have saved today? Assuming an interest rate of 6%, how much would it be worth to Cattarauqua Ginseng Enterprises to invest in a new inventory management system which would save them $42,500 per year for the next eight years? Faber College has been able to raise $700,000 per year from an alumni fundraising appeal in each of the last twelve years. The money raised has been invested at 8%. How much has the money raised from these appeals grown to today? Thirty years ago. Blaise started putting $2.500 into his IRA at the start of each year. His account has earned 11.3%. How much does he have in his IRA today? Falstaff College is undertaking a 10 year program to raise money to endow a new scholarship program. The goal is to raise enough money to be able to fund $1.000,000 in scholarships annually for the next thirty years. The funds will be invested to earn a 5% growth rate. How much does the college need to raise? Dylar Pharmaceuticals is being sued by several states over their marketing of a drug which proved to be addictive and harmful. They became aware of the risk of this problem and starting setting money aside to prepare for this liability five years ago. Each year they have set aside $7,500,000 into a fund earning 4.5%