e . Assume that the average price of a new home is $ 1 1 4 ,
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Question:
e Assume that the average price of a new home is $ If the cost of a new home is increasing at a rate of per year, how much will a new home cost in eight years?
Note: Round your answer to decimal places.
f An investment will pay you $ in years, and it also will pay you $ at the end of each of the next years years through If the annual interest rate is how much would you be willing to pay today for this type of investment?
Note: Round your intermediate calculations and final answer to the nearest whole dollar.
g A college student is reported in the newspaper as having won $ in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $ million now. Instead she will receive $ at the end of the year for each of the next years. If the annual interest rate is what is the present value todays amount that she won? ignore taxes
Note: Round your answer to nearest whole dollar.
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