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c-2. Would you rather have $679 now or $1,800 nine years from now? d. Assume that a college parking sticker today costs $82 If
c-2. Would you rather have $679 now or $1,800 nine years from now? d. Assume that a college parking sticker today costs $82 If the cost of parking is increasing at the rate of 5% per year, how much will the college parking sticker cost in eight years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $125,000. If the cost of a new home is increasing at a rate of 8% per year, how much will a new home cost in ten years? (Round your answer to 2 decimal places.) f. An investment will pay you $10,500 in 10 years, and it will also pay you $310 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.) g. A college student is reported in the newspaper as having won $11,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $11 million now. Instead she will receive $550,000 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 (today's amount) that she won? (ignore taxes) (Round your answer to nearest whole dollar.) a b. Present value. Present value c-1. Future valuo c-2 Would you rather have $679 now or $1,800 nine years from now? d. Future value e. Future value Present value Present value
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