1A:

How long will it take Nick to retire if he saves equal quarterly deposits of $2,593 at the beginning of each quarter starting immediately? Nick would like to have $56,033 saved before he retires and can earn 12.88% on his savings.

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter numerical answers as a positive number rounded to 2 decimal places (###.##)

1B:

Consider an annuity due that makes its first payment 28 months from today and its last payment 325 months from today. How many payments (or periods) are there in the annuity?

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter numerical answers as a positive number rounded to 2 decimal places (###.##)

1C:

Pablo just won the lottery and has chosen the structured payment option for his winnings. He will receive $559 at the beginning of each month for the next 13 years. He will receive his first payment today and subsequent payments at the beginning of each month. What is the current value of Pablos winnings if the interest rate is currently 9.05% per year?

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter numerical answers as a positive number rounded to 2 decimal places (###.##)