Use these factors to answer questions n i PV$1 FV$1 PVA FVA 4 8% 0.73503 1.36049 3.31213 4.5061 5 9% 0.64993 1.53862 3.88965 5.9847 60 0.75% 0.63870 1.56568 48.1733775.4241 1. You want to have $24,000 at the end of 4 years to buy a new car. How much should you save each year to achieve your goal if you can earn 8%? $_ (round to nearest dollar) 2. You want to buy a $22,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 9%? $_ (round to nearest dollar) 3. You accepted a job offer with a local company that has offered to give you a signing bonus of $10,000 or a $15,000 bonus in 5 years (guaranteed). Your current investment rate is 9%. What is the best economic decision, take the bonus today or wait 5 years? 4. You plan to invest $2,000 every year for the next 5 years. What will be the value of your investment at the end of the 5 years if you can earn 9% annual interest? $ (round to nearest dollar) 5. Your grandparents have decided to give you $10,000 for school but they want to wait 4 years to give it to you. Assuming your grandparents are earning 8% annually, how much do they need to invest so that have the $10,000 to give you in 4 years? $ (round to nearest dollar)