Time Value of Money Problems ( 60 points) You may use any method to solve the following TVM problems, although, for some, you will not be able to use the factor tables. SHOW YOUR WORK in order to receive credit. (10 points each) 1. 49 er Company needs to raise $812,000 to purchase its strategic partner 36 months from today. 49 er Company initially invests $400,000 into a 9% APR interest bearing account where interest is compounded monthly. 49 er plans to make additional monthly contributions to reach its savings goal. How much will 49 er need to additionally invest at the end of each month in order to reach its savings goal? 2. 49 er Company agrees to accept monthly payments of $4,249 for a sale that it made to its largest client. 49 er Company believes the value of the sale is $191,000 and that an interest rate of 12% APR is appropriate for the transaction. How many monthly payments should 49 er Company require from its client? Round to the nearest whole month. Ist payment end of the month