Assume that in January 2013, the average house price in a particular area was $293,400. In January 2001, the average price was $210,300.

Annual increase in selling price

% _________

You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming youre around to collect), 63 years from now.

What is the present value of your windfall if the appropriate discount rate is 10 percent?

Present value

$ __________

Your coin collection contains 58 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2068, assuming they appreciate at an annual rate of 4.9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Future value $________

Investment X offers to pay you $5,400 per year for 9 years, whereas Investment Y offers to pay you $7,500 per year for 5 years.
If the discount rate is 6 percent, what is the present value of these cash flows? round to 2 decimal places, please
	Present value
Investment X	$ __________
Investment Y	$ __________

If the discount rate is 21 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
	Present value
Investment X	$ _________
Investment Y	$ __________

If you deposit $5,200 at the end of each of the next 25 years into an account paying 10.3 percent interest, how much money will you have in the account in 25 years? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Future value $___________

How much will you have if you make deposits for 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Future value $ ___________

An investment will pay you $47,000 in 11 years. If the appropriate discount rate is 7.4 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Present value $ _______