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3. You have won $20,000,000 in a lottery. You felt relieved and decided to take an early retirement: sit and enjoy life. You have deposited
3. You have won $20,000,000 in a lottery. You felt relieved and decided to take an early retirement: sit and enjoy life. You have deposited your money at the Bank paying you an APR of 3.6% compounded monthly. How much can you withdraw every year so that you will still have $200,000 after 100 years (pick the nearest answer). 4. Sam is a lucky student. Hi dad, mum, and grandpa have decided to give him money because he is studying. His dad will give him $200 every week for the coming 4 years. His mum will give him $300 every 2 weeks for the coming 4 years. His grandpa will give him $400 every month for the coming 4 years. If the current discount rates are 3.6% APR compounded monthly. What is the current value of the total amount of money that Sam will be receiving in the coming four years? 3. You have won $20,000,000 in a lottery. You felt relieved and decided to take an early retirement: sit and enjoy life. You have deposited your money at the Bank paying you an APR of 3.6% compounded monthly. How much can you withdraw every year so that you will still have $200,000 after 100 years (pick the nearest answer). 4. Sam is a lucky student. Hi dad, mum, and grandpa have decided to give him money because he is studying. His dad will give him $200 every week for the coming 4 years. His mum will give him $300 every 2 weeks for the coming 4 years. His grandpa will give him $400 every month for the coming 4 years. If the current discount rates are 3.6% APR compounded monthly. What is the current value of the total amount of money that Sam will be receiving in the coming four years
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