5. Problem 5.05 (Time to Reach a Financial Goal) eBook You have $55,589.25 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $290,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. years 6. Problem 5.07 (Present and Future Values of a Cash Flow Stream) eBook Problem Walk-Through An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $550 at the end of Year 6. If other investments of equal risk earn 7% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent. Present value: $ Future value: $ 12. Problem 5.20 (PV of a Cash Flowstream) eBook A rookie quarterback is negotiating his first NFL contract. His opportunity cost is 7%. He has been offered three possible 4-year contracts. Payments are guaranteed, and they would be made at the end of each year. Terms of each contract are as follows: 1 2 3 4 Contract 1 $3,000,000 $3,000,000 $3,000,000 $3,000,000 Contract 2 $2,000,000 $3,500,000 $4,500,000 $5,000,000 Contract 3 $6,500,000 $1,500,000 $1,500,000 $1,500,000 As his adviser, which contract would you recommend that he accept? Select the correct answer. Oa. Contract 3 gives the quarterback the highest present value; therefore, he should accept Contract 3. Ob. Contract 2 gives the quarterback the highest present value; therefore, he should accept Contract 2. Oc. Contract 1 gives the quarterback the highest future value; therefore, he should accept Contract 1. Od. Contract 1 gives the quarterback the highest present value; therefore, he should accept Contract 1. Oe. Contract 3 gives the quarterback the highest future value; therefore, he should accept Contract 3