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7) If I want to have $2,000,000, in 45 years, I need to save $2,500 each year for 45 years, at 7%. 8) Which stream

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7) If I want to have $2,000,000, in 45 years, I need to save $2,500 each year for 45 years, at 7%. 8) Which stream of future income has a higher present value, given a rate of 3.5%? Stream A 5,000 4,000 3,000 2,000 1,000 Stream B 1,000 2,000 3,000 4,000 5,000 Stream C 3,000 3,000 3,000 3,000 3,000 9) Which stream of future income has a higher present value, given a rate of 10%? Stream A 6 cash flows of $1,100 Stream B 7 cash flows of $1,000 Stream C 8 cash flows of $900. 10) If your home is worth $300,000.00 today and it is appreciating at a rate of 2.5% per year, what will the value be in 25 years? A $667,534.19 B $556,183.23 C $498,126.84

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