1. How much money must you invest today in order to have $250,000 at retirement in 13 years if you can earn a rate of return of 5%? 2. How much money must you invest today in order to withdraw the following monthly payments in retirement, $1,000 per month from Year 1 through Year 5, $750 per month from Year 6 through 10? Assume you can earn a rate of return of 8.60%. 3. A lottery winner has the option to receive $1,000,000 today or receive $25,000 every 3 months for the next 10 years. Which is worth more? Assume you can earn a rate of return of 4.00% 4. Apple paid a dividend to its shareholders of $.95 per share in the past year. What is the value of the firm if you expect the dividend to grow by 3.5% per year and require a return of 9%? 5. You inherit $10,000 from your grandparents on your 21st birthday. How much money will you have on your 67th birthday if you invest the money and earn 8.25% per year? 6. You save and invest money in each of the next 12 months beginning with $100 in 1 month from today. The amount you save and invest grows by 1% per month. How much will you have at the end of the year if the money is invested at an annual rate of 4%? 7. You plan to purchase an annuity investment in 5 years, in which you will contribute $1,000 per year for the next 10 years. How much money will you have at the end of the 10 years if the annuity investment pays you 6.75% per year