(use BAII Plus Financial Calculator to answer questions28-29. If you do not have a financial calculator use the dynamic factor tables found in the Canvas module. For the Factor Table, type in the interest rate and compounding periods in the blue highlighted portion of the factor table, itll calculate the factor you need).

28. $_________. Your favorite uncle wants to give each of his favorite nieces and nephews $20,000 now while he is still alive so he can appreciate the benefit of their gratitude. Your goal is the save the money he gives you so when you get older, youll have money to start a family. What will be the value of your investment if the rate you can earn on your investments is 12%, compounding semi-annually for 8 years? (Round to nearest dollar)

29. A. $______.__ & B. $_____.___. (Round to nearest CENT) The amount is $25,000, the market rate is 6%, the time is 4 years and the payments will be monthly. A. What is the payment if you want to have the amount at the end of the time period? B. What is the payment if you borrow the amount today and have to make payments to pay off the borrowing over the time period?