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a. How much would you have to deposit today if you wanted to have $43,000 in four years? Annual interest rate Is 9%. b. Assume
a. How much would you have to deposit today if you wanted to have $43,000 in four years? Annual interest rate Is 9%.
Provided are links to the present and furure value tables: (PV oA S1, EV of \$1, pVA of S1, and EVA of S1) (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 wonted to have $43.000 in four years? Annual interest rate is 9%. b. Assume that you are saving up for a trip oround the world when you graduate in three years if you can earn 8 . on your investments, how much would you have to deposit today to have $11.000 when you graduate? (Round your answer to 2 decimal places.) c-1. Calculate the future value of an investment of 5522 for nine years earning an interest of 10 . (Round your answer to 2 decima! places.) c2. Would you rather have $522 now or $1,000 nine yeors from now? d. Assume that a colege parking sticker today costs $64. If the cost of porking is increasing at the rate of 5% per yeat, howimuch will the college parking sticker cost in eight years? (Round yout answer to 2 decimal places-) e. Assume that the average price of a new home is $111500. If the cost of a new home is increasing ot a rate of 8% per year, how:much will a new home cost in ten years? (Round your answer to 2 decimal ploces.) f. An investment will pay you $6,000 in 9 years, and it also will pay you $220 at the end of each of the next 9 years (vears 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 newspoper as having won $6,500.000 in the Kansos State Lottery. However, as is often the custom with lottenes, she does not actually recelve the entire $6.5 milion now, Instead she will recelve $325.000 at the end of the yeat for each of the next 20 years. If the annual interest rate is 6%, what is the present value (rodoy's aniount) that she won? (ignore taxes) (Round your answer to nearest whole dollar.) b. Assume that you are saving up for a trip around the world when you graduate in three years. If you can earn 8% on your investments, how much would you have to deposit today to have $11,000 when you graduate? (Round your answer to 2 decimal places.)
c-1. Calculate the future value of an investment of $522 for nine years earning an interest of 10%. (Round your answer to 2 decimal places.)
c-2. Would you rather have $522 now or $1,000 nine years from now?
d. Assume that a college parking sticker today costs $64. If the cost of parking is increasing at the rate of 5% per year, how much will the college parking sticker cost in eight years? (Round your answer to 2 decimal places.)
e. Assume that the average price of a new home is $111,500. If the cost of a new home is increasing at a rate of 8% per year, how much will a new home cost in ten years? (Round your answer to 2 decimal places.)
f. An investment will pay you $6,000 in 9 years, and it also will pay you $220 at the end of each of the next 9 years (years 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.)
g. A college student is reported in the newspaper as having won $6,500,000 in the Kansas State Lottery. However, as is often the Custom with lotteries, she does not actually receive the entire $6.5 million now. Instead she will receive, $325.000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value (today's amount) that she won? (Ignore taxes). (Round your answer to nearest whole dollar.)
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