W E12-26A (similar to) Question Help Solve various time value of money scenarios. i (Click the icon to view the scenarios.) 2 (Click the icon to view the present value factor table.) (Click the icon to view the future value factor table.) 2 (Click the icon to view the present value annuity factor table.) (Click the icon to view the future value annuity factor table.) Scenario 1. Suppose you invest a sum of $5,000 in an interest-bearing account at the rate of 14% per year. What will the investment be worth six years from now? (Round your answer to the nearest whole dollar.) In six years the investment will be worth $ 10,975 Scenario 2. How much would you need to invest now to be able to withdraw $6,000 at the end of every year for the next 20 years? Assume an 8% interest rate. (Round your answer to the nearest whole dollar.) The current investment amount required is $ 58,908 Scenario 3. Assume that you want to have $175,000 saved seven years from now. If you can invest your funds at a 6% interest rate, how much do you currently need to invest? (Round your answer to the nearest whole dollar.) The current investment amount required is $ 116,375 Scenario 4. Your aunt Rita plans to give you $5,500 at the end of every year for the next ten years. If you invest each of her yearly gifts at a 12% interest rate, how much will they be worth at the end of the ten-year period? (Round your answer to the nearest whole dollar.) In ten years the investment will be worth $ 96,520 Scenario 5. Suppose you want to buy a small cabin in the mountains four years from now. You estimate that the property will cost $54,500 at that time. How much money do you need to invest each year in an interest-bearing account at the rate of 8% per year to accumulate the purchase price? (Round your answer to the nearest whole dollar.) The investment required each year is 5 L