1. You just won the grand prize in a national writing contest! As your prize, you will receive $510 a month for 48 months. If you can earn 5.2 percent on your money, what is this prize worth to you today?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

2. Your broker is offering 1.4 percent compounded daily on its money market account. If you deposit $4,500 today, how much will you have in your account 14 years from now?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

3. You would like to provide $148,000 a year forever for your heirs. How much money must you deposit today to fund this goal if you can earn a guaranteed 8.1 percent rate of return?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

4. Your anticipated wedding is three years from today. You don't know who your spouse will be but you do know that you are saving $11,000 today and $14,000 one year from today for this purpose. You also plan to pay the final $7,000 of anticipated costs on your wedding day. At a discount rate of 4.3 percent, what is the current cost of your upcoming wedding? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)