1. The Packers are considering paying Aaron Rodgers a lump sum of $12,339,100 three years from now as part of a settlement. If the relevant discount rate is 12 percent, what is the present value of this liability? a. Assume the total cost of a college education will be $204,891 when your child enters college in 17 years. You presently have $63,591 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? Enter answer as 3 decimal places (e.g. 0.123) b. You plan to retire in 20 years. You are debating whether to deposit $65,839 into an account earning 8 percent annually today or waiting 6 years before making the deposit. How much more will be in the account when you retire in 20 years if you make the deposit today as opposed to waiting 6 years to make the first deposit