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Dr. Sisters has been secretly depositing $1,700 in her savings account every December starting in 2001. Her account earns 8 percent compounded annually. How much

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Dr. Sisters has been secretly depositing $1,700 in her savings account every December starting in 2001. Her account earns 8 percent compounded annually. How much did she have in December 2009? (Assume a deposit is made in the last year) Make sure to carefully count the years. Use Anpendix C. (Round "FV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Future value Joan Lucky won the $41 million lottery. She is to receive $2.1 million a year for the next 15 years plus an additional lump-sum payment of $9.5 million after 15 years. The discount rate is 8 percent. What is the current value of her winnings? Use Appendix. 8 and Ancendix D. (Round "PV Foctor" to 3 decimal places. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Current Value Delia has a choice between $113,000 in 10 years or $52,000 today. Use ARrendix B, a. Calculate the present value of $113,000. If long term rates are 11 percent? (Round "PV Foctor" to 3 decimal ploces. Round the finol onswer to the nearest whole dollor.) Present value b. What should be her cholce? $52,000 today $113,000 in 10 years You invest a single amount of $16.750 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for 13 years at 18 percent How much will you have after 20 years? Use ARpendix A. (Round "FV Factor" to 3 decimal places, Round the final answer to the nearest whole dolior.) Future value If you invest $8.500 per period for the following number of periods, how much would you have recelved at the end? Use AnRendixe. (Round "Factor" to 3 decimal places. Round the final answers to the nearest whole dollar.) a. 12 years at 10 percent Future value $ b. 17 years at 9 percent Future value $ c. 20 periods at 10 percent Future value $

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