$39,462.69 D Question 23 Terry Austin is 30 years old and is saving for her retirement. She is planning on making 31 contributions to her retirement account at the beginning of each of the next 31 years. The first contribution will be made today (t = 0) and the final contribution will be made 30 years from today (t = 30). The retirement account will earn a return of 14.7 percent a year. If each contribution she makes is $5,117.00 how much will be in the retirement account 30 years from now (t = 30)? $2,389,544.11 O $2,429,544.11 O $2,369,544.11 O $2,449,544.11 O $2,409,544.11 1 A baseball player is offered a 5-year contract that pays him the following amounts: Year 1: $1.3 million Year 2: $2.9 million Year 3: $1.4 million Year 4: $1.5 million Year 5: $2.2 million Under the terms of the agreement all payments are made at the end of each year. Instead of accepting the contract, the baseball player asks his agent to negotiate a contract that has a present value of $2 million more than that which has been offered. Moreover, the player wants to receive his payments in the form of a 4-year annuity due. All cash flows are discounted at 10 percent. If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)? 2.99 2.79 2.59 3.19 O 2.39 D Question 25 Your uncle has $149,740 invested at 8 percent, and he now wants to retire. He wants to withdraw $25,517 at the end of each year, starting at the end of this year. He also wants to have $37,855 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $25,517 withdrawals and still have $37,855 left in the end? 9.59 07.59 O 6.59 8.59 10.59