1.MichaelJackson invests $32,500at10% annual interest, leaving the money invested without withdrawing any of the interest for10years. At the end of the10years,Michaelwithdraws the accumulated amount of money.

Compute the amountMichaelwould withdraw assuming the investment earns interest compounded annually.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

2.What is the present value of $7,160due7periods hence, discounted at6%?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

3.What is the present value of $3,910to be received at the beginning of each of28periods, discounted at5% compound interest?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

4.MontyCorporation, having recently issued a $20,134,100,15-year bond issue, is committed to make annual sinking fund deposits of $613,500. The deposits are made on the last day of each year and yield a return of10%. Will the fund at the end of15years be sufficient to retire the bonds? yes or no

(a) Future value of an ordinary annuity

5.AdamsWeatherspoon, a super salesman contemplating retirement on his fifty-fifth birthday, decides to make a fund on an10% basis that will enable him to withdraw $18,140per year on June 30, beginning in 2024 and continuing through 2027. To develop this fund,Adamsintends to make equal contributions on June 30 of each of the years 2020-2023.

(a) What are each ofAdams's contributions to the fund?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

6.

Newman Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 3 years to overhaul the engine on his vintage used car. While there is some uncertainty about the cost of engine overhauls in 3 years, by conducting some research online, Newman has developed the following estimates. Engine Overhaul Btimated Cash Probability Outow Assessment $270 10% 570 30% 720 50% 920 10% Click here to view factor tables How much should Newman Bowie deposit today in an account earning 9%, compounded annually, so that he will have enough money on hand in 3 years to pay for the overhaul? {Round factor values to 5 decimal places, 2.3. 1.25124 and nal answer to 0 decimal places, as. 458,581.] Deposit amount $