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6 Provided are links to the present and future value tables: (PV of $1. Fy of $1. PyA of $1. and FVA of SI) (Use
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Provided are links to the present and future value tables: (PV of \$1. Fy of \$1. PyA of \$1. and FVA of SI) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $64,000 in three years? Annual interest rate is 10% : b. Assume that you are saving up for a trip around the worid when you graduate in three years. If you can earn 6% on your investments, how much would you have to deposit today to have $18,000 when you graduate? (Round your answer to 2 decimal. places.) c-1. Calculate the future value of an investrent of $774 for ten years eaming an interest of 9%. (Round your answer to 2 decimal places.) c-2. Would you rather have $774 now or $1,800 ten years from now? d. Assume that a college parking sticker today costs $92. If the cost of parking is increasing at the rate of 6% per year, how much will the college parking sticker cost in seven years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $132.500. If the cost of a new home is increasing at a rate of The per year, how much will a new home cost in eight years? (Round your answer to 2 decimal places.) f. An investment will pay you $13.000 in 9 years, and it also will pay you $360 at the end of each of the next 9 years lyears 1 through 9). If the annual interest rate is 5%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.) 9. A college student is reported in the newspaper as having won $13,500,000 in the Kansas State Lottery. However. as is ofteri the custom with lotteries. she does not actually receive the entire $13.5 million now. Instead she will receive 5675.000 at the end of the yeaf for each of the next 20 years. If the annual interest rate is 7%, what is the present value (today's anount) that she won? (ignoretaxes). (Round your answer to nearest whole dollar.) p=1/(1+f)n p=111N(1+i)mV1 f=(1+i)n1)i Step by Step Solution
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