Problem Set 3: Financial Tools Part Two(Answers are bolded, headed next to the questions listed in this column)C.P5-12: Present Value Concept: Answer each of the following questionsComplete the following problems from Chapter 5 inPrinciples of Managerial Finance:1. Time Value of Money: P5-3; P5-5; P5-12; P5-13; P5-20; P5-24; P5-30; P5-36; P5-43; P5-48.P5-3: Future Value: You have $100 to invest. If you put the money into an account earning 5% interest compounded annually, how much money will you have in 10 years? How much money will you have in 10 years if the account pays 5% simple interest?P5-5 - Time Value: You have $1500 to invest today at 7 Percent interest compounded annually.A. How much will you have accumulated in the account at the end of the following number of years: 3,6, and 9?B. Use your findings in part (a) to calculate the amount of interest earned in (1) the first 3 years (years 1-3), (2) the second 3 years (years 4-6), and (3) the third 3 years (years 7-9).