answer please
Use the information below to answer the following questions Present and future value tables of $1 at 3% are presented below: N FV S1 1.030001 0.970871 1.060901 1.09273 1.12551 1.159271 1.194051 1.22987 1.26677 1.30477 1.34392 1.38423 1.42576 1.46853 1.512591 1.55797 1.60471 0.942601 0.91514 0.88849 0.86261 0.83748 0.81309 0.789411 0.766421 0.744091 0.72242 0.701381 0.680951 0.66112 0.64186 0.62317 1.00001 2.0300 3.0909 4.18361 5.3091 6.46841 7.6625 8.8923 10.1591 11.46391 12.8078 14.1920 15.61781 17.0863 18.59891 20.15691 PVA SI FVAD SI PVAD SI 0.97087 1.0300 1.00000 1.91347 2.09091 1.97087 2.82861 3.18361 2.91347 3.71710 4.3091 3.82861 4.57971 5.46841 4.71710 5.417191 6.66251 5.57971 6.230281 7.89231 6.41719 7.01969 9.15911 7.23028 7.786111 10.46391 8.01969 8.53020 11.80781 8.78611 9.25262 13.1920 9.53020 9.95400 14.6178 10.25262 10.63496 16.0863 10.95400 11.29607 17.5989 11.63496 11.93794 19.1569| 12.29607 12.56110 20.7616 12.93794 16 1) 1) Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. What is the maturity value of the CD? A) $142,576. B) 5309,090. C) $109,270 D ) $119,410. 2) 2) Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $50,000 five years from now. How much must Carol deposit to accomplish her goal? A) $35,000 B) $35,069. C) S43,131. D) $37,205. 3) 3) At the end of each quarter, Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years? A) $8,880. B) 57,213. C) 57,096. D) 57,129. 3) 3) At the end of each quarter, Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years? A) $8.880. B) 57,213. C) S7,096. D) $7,129. 4) 4) Sondra deposits $2,000 in an IRA account on April 15, 2018. Assume the account will eam 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2028? A) $20,600. B) $23,616. C) $24.715. D) $20.928. 5) 5) Shelley wants to cash in her winning lottery ticket. She can either receive eight $100,000 semiannual payments starting today, or she can receive a single-amount payment today based on a 6% annual interest rate. What is the single-amount payment she can receive today? A) $723,028. B) $744,090. C) 5853,020 D) $801,969. 6) On January 1, 2018, you are considering making an investment that will pay three annual payments of $10,000. The first payment is not expected until December 31, 2020. You are eager to cam 3%. What is the present value of the investment on January 1, 2018? A) $27,462 B) $26,662 C) $28,286. D) $29,135. 7) 7) Rosie's Florist borrows $300,000 to be paid off in six years. The loan payments are semiannual with the first payment due in six months, and interest is at 6%. What is the amount of each payment? A) $29,761. B) $25.250 C) $30,139. D) $25,500. 8) 8) Jimmy has $255,906 accumulated in a 401K plan. The fund is earning a low, but safe, 3% per year. The withdrawals will take place at the end of each year starting a year from now. How soon will the fund be exhausted if Jimmy withdraws $30,000 each A) 10 years. B) 11 years. C) 8.5 years. D) 8.8 years. 9) Jose wants to cash in his winning lottery ticket. He can either receive five $5,000 annual 9) payments starting today, or he can receive one lump-sum payment today based on a 3% annual interest rate. What would be the lump-sum payment? A) $23,000. B) $23,586. C) S22,899. D) $21,565
