9. (1pt) You won a lawsuit and the court ordered the defendant to pay you $500/month starting today then $500 at the beginning of each month for three years. If the appropriate annual discount rate is 8 percent, what is the value of your settlement today? Does the question ask or are the payments at the beg(gining) or end of the periods? What unit of time answers the question? Do I need to convert other variables to the answer's unit of time? Circle the variable below that answers the question. N- I= PV = PMT FV 10. (3pts) Jim plans to retire Jan 1, 2031 (when he is 67 today is Jan 1, 2020). He expects to live exactly 20 years in retirement (DoD Dec 31, 2051). His desire is to have $4,000 per month income in retirement from his portfolio with no legacy. Today, his investment portfolio has $98,114.18, and is expected to average 5.0%/year return until he dies. How much per month must he deposit in his portfolio during his working years? Does the question ask or are the payments at the beg(gining) or end of the periods? What unit of time answers the question? Do I need to convert other variables to the answer's unit of time? Circle the variable below that answers the question. N- I- PV PMT FV