a. How much would you have to deposit today if you wanted to have $45,000 in five years? Annual interest rate is 8%. (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) Present value b. A college student is reported in the newspaper as having won $7,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $7.0 million now. Instead she will receive $350,000 at the end of the year for each of the next 20 years. If the annual interest rate is 5%, what is the present value (today's amount') that she won? (ignore taxes). (Round your answer to nearest whole dollar.) Present value Periods 1 23 2 3 529 4 5 6 7 8 9 10 6% 7% 8% 9% 10% 11% 20% 5% 4% 13% 12% 14% 15% 17% 18% 10% B% 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0862 0.855 0.847 0.840 0.833 0826 0.820 0813 0.806) 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0812 0.797 0783 0769 0756 0743 0731 0.718 0.706 0.694 0683 0.672 0.661 0.650 0889 0.864 0.840 0.816 0794 0.772 0.751 0731 0712 0.693 0.675 0.658 0.641 0.624 0.609 0.593 0.579 0.564 0.551 0537 0524 0.855 0.823 0.792 0763 0735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0.534 0.516 0.499 0.482 0.467 0451 0437 0423 0.822 0784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 456 0437 0.419 0.402 0.306 0370 0.355 0.341 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0.432 0.410 0390 0.370 0352 0335 0.319 0.303 0289 0.275 0760 0711 0.665 0.623 0.583 0.547 0.513 0482 0.452 0.425 0.400 0.376 0.354 0.333 0.314 0296 0.279 0.263 0.249 0235 0.222 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0305 0.285 0.266 0.249 0233 0.218 0204 0191 0179 0703 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0194 0180 0167 0155 0344 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.295 0.270 0.247 0.227 0.208 0191 0176 0162 0149 0137 0126 0116 0.650 0.585 0.527 0.475 0429 0.388 0.350 0.317 0.287 0.261 0237 0.215 0195 0178 0162 0148 0135 0123 0112 0103 0.094 0625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0231 0.208 0187 0168 0152 0137 0124 0112 0102 0.092 0.083 0.076 0130 0.116 0304 0.093 0.084 0.075 0.068 0.061 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.204 0182 0163 0145 0160 0141 0125 01 0.099 0.088 0.078 0.069 0.062 0.055 0.049 0140 0123 0108 0.095 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0123 0107 0.093 0.001 0.071 0.062 0.054 0.047 0.042 0.036 0.032 0108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.000 0.026 0.095 0.081 0.009 0.059 0.051 0.044 0.030 0.032 0.028 0.024 0.021 0.098 0.083 0.070 0.060 0.051 0.043 0.037 0.031 0.027 0.023 0.020 0.017 0.087 0.073 0.061 0.051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0.014 0.093 0.077 0.064 0.053 0.044 0.037 0.031 0.026 0.022 0.018 0.015 0.013 0.01 0.009- 0.083 0.068 0.056 0.046 0.038 0.032 0.026 0.022 0.018 0.015 0.013 0.011 12 13 14 0.577 0.505 0.442 15 0.388 0.340 0.299 0.263 0.232 0.205 0181 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.209 0183 0160 16 0.534 0.458 0.394 0339 0.292 0252 0.218 0188 0163 0141 17 0.513 0436 0371 0.317 0.270 0.231 0198 0.1701 0146 18 0.494 0.416 0.350 0.296 0.250 0.212 0180 0153 0130 0125 01 19 0.475 0.396 0331 0.277 0.232 0194 0164 0138 0.116 20 0.456 0377 0312 0.258 0.215 0178 0149 0124 0104 21 0.439 0.359 0.294 0.242 0199 0164 0135 0112 22 0422 0342 0.278 0.226 0184 0150 0123 01011 6 5.242 7 12 6.002 $ 5.076 4.917 5.786 5.582 6.733 6.463 6.210 9 7435 7508 6.802 10 7722 7360 11 8.760 8.306 7.887 7.499 2139 ts 20 12 9.385 8.863 8.384 7.943 7536 13 9.996 9.394 8.853 8.358 7904 4767 4.623 4.486 5.389 5.206 5.033 5.971 5747 5.535 6.515 6.247 5.995 7024 6.710 6.418 6.805 7161 7487 14 10.563 9.899 9.295 8.745 8.244 7786 15 11118 00:46:06 10.380 9.712 9108 8.559 16 11.652 10.838 10106 9.447 17 12.166 11.274 10.477 18 12.659 11690 10.820 19 13.134 12.085 11158 20 21 22 23 24 14.857 13.489 12.303 11272 15.247 13.799 12.550 11.469 9.763 10.059 9372 8.756 10.336 9.604 8.950 13.590 12.462 11470 10.594 9.818 9129 14.029 12.821 11764 10.836 10.017 9.292 14.451 13.163 12.042 11.061 10.201 9.442 10.371 9.580 8.061 8.851 8.313 9122 8.544 10.529 9.707 25 26 27 28 15.622 14.094 12.783 11.654 10.675 9.823 15.983 14.375 13.003 11826 10.810 9.929 16.330 14.643 13.211 11.987 10.935 10.027 16.663 14.898 13.406 12.137 11.051 10.116 29 9.307 8.602 7984 7441 16.984 15.141 13.591 12.278 11158 10.198 9.370 8.650 8.022 7470 30 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 8.055 7496 7.003 40 19.793 17159 15.046 13.332 11.925 10.757 9.779 8.951 8.244 7634 7105 SZIR ST 5321 3.m 3.090 300D 3.01/ 3.ASS 5.302 4.355 4.231 4111 3.998 3.889 3.784 3605 3.589 3.490 3.410 3.326 3.245 3367 1092 4.868 4712 4.564 4.423 4.288 4160 4.039 3922 3.812 3706 3.605 3.508 3.416 3.327 5.335 5146 4.968 4799 4.639 4.487 4.344 4.207 4.078 3.954 3.837 3726 3619 3.518 5759 5.537 5328 5132 4.946 4772 4.607 4451 4303 4163 4.031 3.905 3786 1673 6145 5.889 5.650 5.426 5.216 5.019 4.833 4659 4494 4.339 4192 4.054 3923 1799 6.495 6.207 5.938 5.687 5.453 5.234 5.029 4.836 4656 4.486 4.327 4177 4.035 3.902 6.814 6.492 6194 5.910 5.660 5.421 5.197 4.988 4793 4.611 4439 4278 4127 3.985 7103 6.750 6.424 6122 5.842 5.583 5.342 5.118 4.910 4715 4.533 4.362 4.203 4053 7367 6.982 6.628 6.302 6.002 5724 5.468 5.229 5.008 4.802 4.611 4.432 4.265 4108 7606 7191 6.811 6.462 6142 5847 5.575 5.324 5.092 4.876 4.675 4.499 4.315 4153 7824 7379 6.974 6.604 6.265 5.954 5.668 5.405 5162 4.938 4730 4.536 4.357 4309 8.022 7.549 7120 6729 6.373 6047 5.749 5.475 5.222 4990 4775 4.576 4.391 4.219 8.201 7702 7250 6.840 6.467 6.128 5.818 5.534 5.273 5.033 4.812 4.608 4.419 4243 8.365 7839 7366 6.938 6.550 6198 5.877 5.584 5.316 5.070 4.843 4.635 4442 4.263 8.514 7963 7.469 7025 6.623 6.259 5.929 5.628 5.353 5.101 4.870 4.657 4.460 4.279 8.649 8.075 7.562 7102 6.687 6.312 5.973 5.665 5.384 5127 4.891 4.675 4476 4.292 8.772 8.176 7.645 7170 6.743 6.359 6.011 5.696 5.410 5149 4.909 4.690 4.488 4302 8.883 8.266 7718 7230 6792 6.399 6.044 5723 5.432 5167 4925 4703 4.499 4311 8.985 8.348 7784 7283 6.835 6434 6073 5746 5.451 5182 4937 4713 4507 4318 9.077 8.422 7843 7330 6.873 6.464 6.097 5766 5.467 5195 4.948 4721 4514 4323 9161 8.488 7896 7372 6.906 6.491 6.118 5.783 5.400 5.206 4.956 4728 4.520 4.328 9.237 8.548 7.943 7409 6.935 6.514 6136 5798 5.492 5.215 4.964 4734 4524 4332 6.961 6.534 6152 5.810 5.502 5.223 4.970 4739 4.528 4.335 6.983 6.551 6166 5.820 5.510 5.229 4.975 4743 4.531 4.337 6.566 6177 5.829 5.517 5.235 4.979 4746 4.534 4335 6.642 6.233 5.871 5.548 5.258 4.997 4760 4544 4342