An online travel agent is advertising a Caribbean cruise vacation package. The cruise begins two years from now. The package requires you to pay $18,000 today, $17,000 one year from today, and a final payment of $21,000 two years from today. What is the true cost of this package? Assume that if you didn't go on the cruise, you would keep your money in a savings account earning 4.0 percent per year. Round your answer to two decimal places 0 You have done well in life and you recently retired. You want to create an endowment for Babson to fund a research center. The endowment will generate equal annual payments to cover expenses of the center which are expected to $483,000 starting one year from now. The first withdrawal from the endowment will occur one year from now, the withdrawals will be constant each year, and the withdrawals will continue forever. The university would invest your endowment funds at an annual rate of 6.2 percent forever. How much must you donate today to create the endowment? Round your answer to two decimal places = You received an inheritance and you put the funds in a savings account generating an annual interest rate of 2.2 percent. You are considering using the funds to buy an insurance product that pays $15,000 per year for 9 years. If you did not buy the insurance, your money would stay in your savings account. What is the value, in today's dollars, of the insurance? (Assume the insurance is low risk just like your savings account.)