1. First state what factors are known and what factor you are trying to find. 2. Write down the calculator input keys to solve the problem. The problems in this homework are the following from the document with TVM problems and solution to the problems covered in the classes that is posted on March 11th. Q# 11, 16, 29, 36, 44, 50, 53. Look into the posted document only if you need. But, try to solve these problems as if they are exam questions (i.e., do not lake at the solutions to similar problems). . 1. HCSH's dividend has grown from $1.50, 8 years ago to $2.00 today. At what rate has the dividend grown? 2. You decide to accompany your grandmother to her weekly bingo night, and, in a grand stroke of luck, you win the $100,000 jackpot. The host of the game offers to pay you either a $100,000 lump sum OR an annuity at 8%. If you accept the second offer, how much will you receive each year if it is to be paid over the next 18 years? 3. You are 25 years old. You want to save $200 at the end of each month. How much will you save if you invest your money in an annuity until you attain 65 years of age? Assume that the average long-term return on the annuity is 8%. 4. You are considering buying a machine. This machine has 5 years life. It will provide an annual cash flow of $10,000 for the next 5 years. Also, at the end of the 5th year you will be able to sell it for $5000. If your RRR from this machine is 10%, what is the most you will be willing to pay for this machine? 5. A machine (with a 5-year life span) is expected to provide the following cash flows: Year 1 Year 2 Year 3 Year 4 Year 5 $1 mill $1.5 mill $2 mill $2.5 mill $3 mill a) What's the maximum you should pay for this machine (your RRR is 12%)? b) Given your minimum required rate of return is 12%, would you buy this machine for $7.5 million