has to do with money snd sport management

its just taking the percentage from thr amount of money

RSM 290: In-Class Activity Time Value of Money 1. The Tampa Bay Buccaneers are planning to build a new statue of the GOAT quarterback, Tom Brady after he wins them a Super Bowl in their home stadium this season. They anticipate the cost of the statue to be $57,250. They have found an aggressive investment portal that will return 4% interest monthly. They anticipate building the statue in 6 months (even gone ahead and secured an artist on retainer and picked out a great spot next to the stadium). How much money do the Bucs need to set aside right not to have enough funds to build the statue? 2. Your client, Joe Burrow, wants to establish a scholarship fund for his cousin. He anticipates college to cost $100,000 and wants the amount to be ready in 10 years. He anticipates a 3% interest rate. How much money does he need to establish in the account today? 3. The Las Vegas Raiders have agreed with your company to purchase software valued at $1,500,000 from your company. However, the Raiders said they will pay you in 15 months. Your company establishes that its interest rate is 5%. How much do you need to charge them for the software, to ensure that you're getting equal to $1,500,000? I 4. You're the Head of Sales for Luna Co. You have agreed to lease machinery to the Chicago Bears for $5,075,000. Annual payments of $1,354,789 are due over the next 5 years. In order to complete financial accounting reporting, you need to book the full amount of the lease as a Right of Use Asset in this year's financial report. You must book the lease at present value with a 5% interest rate