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D Question 13 1 pts Hank has been collecting model trains, planes, and automobiles for many years. While some have not seen their values change
D Question 13 1 pts Hank has been collecting model trains, planes, and automobiles for many years. While some have not seen their values change much over time, one model airplane in particular has increased in value at a rate of 6.5% every year. Hank has owned it for 40 years, and the change in value has been a bit astonishing for him. He's been thinking about selling it, to help with some of his spending needs in retirement. If he sold it today, the model would be worth $1,670. How much additional money can he make if he were to wait 4 years to sell the model rather than selling it 2 years from now? O $208.04 O $254.24 O $280.15 O $196,67 O $241.79 Question 16 1 pts Jerry and Judy Wigglesworth, a wealthy couple in your city, recently announced that they would be setting up a trust account for the hospital, to provide annual cash flow of $200,000. Additionally, after the first year payment, the annual cash flow will increase at a rate of 5% per year. The fund will last for 50 years, and an appropriate discount rate is 12%. Calculate the present value of the growing annuity. O $2,443,773 O $2,743,773 O $2,643,773 O $2.543,773 $2,843,773
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