Use these factors to answer questions In PV$1 FV$1 PVA FVA 5% / 0.82270 1.21551 3.54595 4.3101 6% 0.74726 | 1.33823 4.212365.6371 5 7% 0.71299 1.40255 4.10020 5.7507 106 % 0.55839 1.79085 7.36009 13.1808 48 0.42% 0.81907 1.22090 | 43.42296 53.0149 60 0.50% 0.74137 1.34885 51.72556 69.7700 1. You want to have $30,000 at the end of 5 years to buy a new car. How much should you save each month to achieve your goal if you can earn 6%? $_ _(round to nearest dollar) 2. You want to buy a $27,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $_ (round to nearest dollar) 3. You have the option to get $10,000 today or wait 5 years and get $14,000. You do not need the money now so waiting is an option. Your current investment rate is 7%. What is the best economic decision, take the money today or wait 5 years? 4. You plan to invest $5,000 every year for the next 10 years. What will be the value of your investment at the end of the 10 years if you can earn 6% annual interest? $_ (round to nearest dollar) 5. Your grandparents have decided to give you $15,000 for grad school but they want to wait 4 years to give it to you. Assuming your grandparents are earning 5% annually, how much do they need to invest so that have the $15,000 to give you in 4 years? $. (round to nearest dollar)