Davenport Inc. offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can receive $42.000 at the date of employment and another $62,000 2 years later. Assuming the employee's time value of money is 6% annually, what single sum at the employment date would make her indifferent between the two options? (EV of $1. PV of $1. EVA $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate foctor(s) from the tables provided.) Below are excerpts from time value of money tables for the 8% rate. | 1 | 2 3 1 | 2 | 3 | 4 1.000 1.000 0.926 | 1.080 1.926 | 2.080 | 0.857 2.246 2.783 3.246 0.794 3.506 3.577 4.506 0.735 4.867 5 | 6 1.080 0.926 1.166 | 1.783 1.260 2.577 1.360 3.312 4 Column 6 is an interest table for the: Present and future value tables of $1 at 3% are presented below FV $1 PV $1 1.030000.97087 1 2 1.66890 0.94260 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 6 1.19405 0.83748 7 1.229870.81309 8 1.26677 0.78941 9 1.30477 0.76642 10 1.34392 0.74409 11 1.38423 0.72242 12 1.42576 0.70138 13 1.468530.68095 14 1.51259 0.66112 151.55797 0.64186 16 1.60471 0.62317 FVA $1 PVA $1 FVAD $1 PVAD $1 1.000 0.97087 1.0309 1.00000 2.0300 1.91347 2.0989 1.97087 3.0909 2.82861 3.1836 2.91347 4.1836 3.71719 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6.46845.417196.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 9.1591 7.23028 10.1591 7.78611 10.4639 8.01969 11.4639 8.53020 11.8078 8.78611 12.8078 9.25262 13.1920 9.53020 14.1920 9.95400 14.6178 | 10.25262 15.6178 10.63496 16.0863 18.95400 17.8863 11.29607 17.5989 11.63496 18.5989 11.93794 19.1569 12.29607 20.1569 12.56110 20.7616 | 12.93794 At the end of each quarter. Patti deposits $500 into an account that pays 12 interest compounded quarterly. How much Will Patti nove in the account in three years? Present and future value tables of $1 at 3% are presented below FV $1 PV $1 1.030000.97087 1.06090 0.94260 3 1.09273 0.91514 4 1.12551 0.88849 1.15927 0.86261 1.19405 0.83748 1.22987 0.81309 1.26677 0.78941 9 1.30477 0.76642 10 1.34392 0.74409 11 1.38423 0.72242 12 1.42576 0.70138 13 1.468530.68095 14 1.51259 0.66112 151.55797 0.64186 16 1.60471 0.62317 FVA $1 1.0000 2.0300 3 .0989 4.1836 5.3091 6.4684 7.6625 8.8923 10.1591 11.4639 12.8078 14.1920 15.6178 17.0863 18.5989 20.1569 PVA $1 FVAD $1 PVAD $1 0.97087 1.0309 1.00000 1.91347 2.0909 1.97087 2.82861 3.1836 2.91347 3.71710 4.3091 3.82861 4.57971 5.4684 4.71710 5.41719 6.6625 5.57971 6.23028 7.8923 6.41719 7.01969 9.1591 7.23028 7.78611 10.4639 8.01969 8.53020 11.80788.78611 9.25262 13.1920 9.53020 9.95400 14.6178 10.25262 10.6349616.0863 11.29607 17.5989 11.63496 11.93794 19.1569 12.29607 12.56110 20.7616 12.93794 Bill wants to give Maria a $500,000 gift in seven years. If money is worth 6% compounded semiannually, what is Maria's gift worth today? Present and future value tables of $1 at 3% are presented below N FV $1 PV $ 1 1 1.030000.97087 2 1.06090 0.94260 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 6 1.19405 0.83748 7 1.229870.81309 8 1.26677 0.78941 9 1.30477 0.76642 101.34392 0.74409 11 1.38423 0.72242 121.42576 0.70138 13 1.468530.68095 14 1.51259 0.66112 15 | 1.55797 0.64186 16 1.60471 0.62317 FVA $1 PVA $1 1.0000 0.97087 2.0300 1.91347 3.0909 2.82861 4.1836 3.71710 5.3091 4.57971 6.4684 5.41719 7.6625 6.23028 8.8923 7.01969 10.1591 7.78611 11.4639 8.53020 12.8078 9.25262 14.1920 9.95400 15.6178 10.63496 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 FVAD $ 1PVAD $1 1.0300 1.08989 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.4684 4.71710 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 10.4639 8.01969 11.80788.78611 13.1920 9.53020 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 Jose wants to cash in his winning lottery ticket. He can either receive five $5,000 annual payments starting today, or he can receive one lump-sum payment today based on a 3% annual interest rate. What would be the lump-sum payment
