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can you do c-1, e, f, and g. Exercise B-18 Practical applications of the time value of money LO P1, P2, P3, P4 Provided are

can you do c-1, e, f, and g. image text in transcribed
Exercise B-18 Practical applications of the time value of money LO P1, P2, P3, P4 Provided are links to the present and future value tables: PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $51,000 in three years? Annual interest rate is 10%. b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 6% on your investments, how much would you have to deposit today to have $13,500 when you graduate? (Round your answer to 2 decimal places.) c.1. Calculate the future value of an investment of $607 for ten years earning an interest of 9% (Round your answer to 2 decimal places.) c-2. Would you rather have $607 now or $1,000 ten years from now? d. Assume that a college parking sticker today costs $74. If the cost of parking is increasing at the rate of 6% per year, how much will the college parking sticker cost in seven years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $119,000. If the cost of a new home is increasing at a rate of 7% per year, how much will a new home cost in ten years? (Round your answer to 2 decimal places.) t. An investment will pay you $8,500 in 10 years, and it will also pay you $270 at the end of each of the next 10 years (years 1 thru 10), 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) 9. A college student is reported in the newspaper as having won $9,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $9 million now. Instead she will receive $450,000 at the end of the year for each of the next 20 years. If the annual interest rate is 7%, what is the present value today's amount) that she won ignore taxes) (Round your answer to nearest whole dollar) Answer is not complete. S $ t C 1 c- 2 38.316 12,015.00 607.00 Present value Present value Future value Would you rather have 560T now or $1.000 ton years from now? Future value Future Value Presenta Presente d Now 15 111 27 lo

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