An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide hin with income of $37,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost him to buy such an annuity today? Select the correct answer. O a. $447,864.32 b. $447,854.72 O c. $447,835.52 O d. $447,873.92 Oe. $447,845.12

A salt mine you inherited will pay you $13,000 per year for 25 years, with the first payment being made today. you think a fair return on the mine is 7.5%, how much should you ask for it if you decide to sell it? Select the correct answer. a. $155,410.97 b. 5155,778.57 C. $156,146.17 d. $155,594,77 e. $155,962.37 Cou would like to travel in South America 5 years from now, and you can save $6,000 per year, beginning one ear from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under hese conditions, how much would you have just after you make the 5 th deposit, 5 years from now? Select the correct answer. a. $35,524.34 b. $35,533.64 c. $35,561.54 d. $35,542.94 e. $35,552.24 our girlfriend just won the Florida lottery. She has the choice of $17,000,000 today or a 20-year annuity of 1,050,000, with the first payment coming one year from today. What rate of return is built into the ammity? elect the correct answer. a. 0.70% b. 2.80% c. 2.109 d. 3.50% e. 1.40% An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide hin with income of $37,000 per year for 30 years, beginning a year from today. The going rate on such ammities is 7.25%. How much would it cost him to buy such an annuity today? Select the correct answer. a. $447,864.32 b. $447,854.72 c. $447,835.52 d. $447,873,92 e. $447,845.12