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c1. Calculate the future value of an investment of $571 for ten years earning an interest of 9%. (Round your answers to 2 decimal places.)

c1.

Calculate the future value of an investment of $571 for ten years earning an interest of 9%. (Round your answers to 2 decimal places.)

Future value

f.

An investment will pay you $7,500 in 10 years, and it will also pay you $250 at the end of each of the next 10 years (years 1 thru 10). If the annual interest rate is 6%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.)

Present value

g.

A college student is reported in the newspaper as having won $8,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $8.0 million now. Instead she will receive $400,000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value (todays amount) that she won? (ignore taxes). (Round your answer to nearest whole dollar.)

Present value

PLEASE CALCULATE EACH SECTION PRESENT AND FUTURE VALUE

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