Use these factors to answer questions n i PV$1 FV$1 PVA IVA 2 8% 0.85734 1.16640 1.78326 2.0800 6 6% 0.70496 1.41852 4.91732 6.9753 72 0.50% 0.69830 1.43204 60.33951 86.4089 1. You want to have $35,000 at the end of 6 years to buy a 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 $35,000 car today and will be making monthly payments for the next 6 years. What is your car payment if your borrowing rate is 6%? $ (round to nearest dollar) 3. You accepted a job offer with a local company that has offered to give you a signing bonus of $8,000 or a $9,000 bonus in 2 years (guaranteed). Your current investment rate is 8%. What is the best economic decision, take the bonus today or wait 2 years? 4. You plan to invest $3,000 every year for the next 6 years. What will be the value of your investment at the end of the 6 years if you can earn 6% annual interest? $_ _(round to nearest dollar) 5. Your grandparents have decided to give you $10,000 for school but they want to wait 2 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 2 years? $ (round to nearest dollar)