After being drafted in the first round of the NFL draft, a star defensive end invests his signing bonus of $$14,888,000\mathrm{.}00$ in a mutual fund. The fund pays on average $9\mathrm{.}00\%$ APR with monthly compounding. The player will not touch this money untll he retires from the league in $15\mathrm{.}00$ years. How much will this "nest egg" be worth when he retires?

Answer format: Currency: Round to: $2$ decimal places.

A very careful new father wants to set money aside for his baby daughter's wedding. If the wedding will take place in $24\mathrm{.}00$ years, he expects the wedding will cost $$88,800\mathrm{.}00.$ If the father can earn $10\mathrm{.}00\%$ APR with quarterly compounding on his investments, how much does he need to invest today to reach his goal?

Answer format: Currency: Round to: $2$ decimal places.

The Atlanta Braves signed an outfielder to a five$-$year contract. The contract calls for the following cash flows:

a signing bonus of $$2\mathrm{.}00$ million today,

$$12\mathrm{.}07$ million in year $1,$

$$13\mathrm{.}20$ million in year $2,$

$$14\mathrm{.}11$ million in year $3,$

$$15\mathrm{.}17$ million in year $4,$ and

$$16\mathrm{.}33$ million in year $5.$

If the outfielder has a discount rate of $5\mathrm{.}00\%$ per year, what is the value of his contract today $($in millions$)?($Express answer in millions. $$1,000,000$ would be $1\mathrm{.}00)$

Answer format: Currency: Round to: $2$ decimal places.

Consider an investment with the following cash flows:

YEAR

Cash flows

$1$

$$117\mathrm{.}00$

$2$

$$236\mathrm{.}00$

If you want a $4\mathrm{.}00\%$ annual return on your investment, what is the value of this opportunity today?