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A young graduate has been offered a time - share on a condo in Steamboat Springs, Colorado. To be a part owner, the graduate must

A young graduate has been offered a time-share on a condo in Steamboat Springs, Colorado. To be a part owner, the graduate must pay $1,811.00 at the end of each year for the next 19.00 years. If the graduate's discount rate is 7.00%, what is the cost of this opportunity in today's dollars? In other words, what is the most the graduate should be willing to pay today instead of making payments?
Answer format: Currency: Round to: 2 decimal places.
A jet-setting lawyer plans on living large on the French Rivera in retirement. The lawyer anticipates living for 22.00 more years after retirement and will need $297,600.00 per year to support her life in the South of France. While retired, she will keep her money in a tax-free account that pays 4.00% per year. How much money will the lawyer need when she retires? (assume beginning of the year withdrawals)
Answer format: Currency: Round to: 2 decimal places.
A despised football coach is scheduled to make $829,300.00 per year for the next 8 years. The first payment is scheduled to be made exactly one year from today. After a 3-9 record last year, the athletic department would like to buy out the remaining 8 years of his contract. The athletic department wants to value the remaining years with a 9.00% discount rate. The coach's agent would like to use 3.00%.
What is the present value of the athletic department offer?
Answer format: Currency: Round to: 2 decimal places.
A despised football coach is scheduled to make $829,300.00 per year for the next 8 years. The first payment is scheduled to be made exactly one year from today. After a 3-9 record last year, the athletic department would like to buy out the remaining 8 years of his contract. The athletic department wants to value the remaining years with a 9.00% discount rate. The coach's agent would like to use 3.00%.
What is the present value of the agent's offer?
Answer format: Currency: Round to: 2 decimal places.
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