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HELPPP Provided are links to the present and future value tables. EV oSS1, PVA of S1. and EVA of S1) (Use oppropriate foctor(5) from the
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Provided are links to the present and future value tables. EV oSS1, PVA of S1. and EVA of S1) (Use oppropriate foctor(5) from the tobles provided. Round your onswer to the nearest whole doller.) a. How much would you have to deposit today if you wanted to have $49,000 in five years? Annual interest rate is 8% b. Assume that you are saving up for a tip around the world when you graduate in three years. If you can eam 7% on your investments, how mach would you have to deposit todiy to have $13.000 when you graduate? (Round your answer to 2 decimol places.) c-1. Calculate the future value of an investment of 5594 for elght years eaming an interest of 12\%. (Round your answer to 2 decimal ploces.) c-2 Would you rather have $594 now or $1,000 eight years from now? d. Assume that a college parking sticker today costs $72. If the cost of parking is increasing at the rate of 4% per year, how much will the college parking sticker cost in nine years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $117.500. If the cost of a new home is increasing at a fate of 9% per year, how much Willa new home cost in nine years? (Round your onswer to 2 decimal places.) f. An investment will pay you $8,000 in 9 years, and it also will pay you $260 at the end of each of the next 9 years (years 1 through 9 ). If the annual interest rate is 5% how much would you be willing to pay today for this fype of investment? (Round your intermediote calculations and final answer to the nearest whole dollar) g. A coliege student is reported in the newspaper as having won 58,500,000 in the Kansas 5tate Lottery, However, as is often the custom whth lotteries, she does notactually receive the entire $8.5 million now. Instead she will receive $425,000 at the end of the yeat for each of the next 20 years. If the annual interest rate is 5%, what is the present value (foday's amount) that she won? (ignore taxes). (Round your answer to neorest whole doliac.) Provided are links to the present and future value tables. EV oSS1, PVA of S1. and EVA of S1) (Use oppropriate foctor(5) from the tobles provided. Round your onswer to the nearest whole doller.) a. How much would you have to deposit today if you wanted to have $49,000 in five years? Annual interest rate is 8% b. Assume that you are saving up for a tip around the world when you graduate in three years. If you can eam 7% on your investments, how mach would you have to deposit todiy to have $13.000 when you graduate? (Round your answer to 2 decimol places.) c-1. Calculate the future value of an investment of 5594 for elght years eaming an interest of 12\%. (Round your answer to 2 decimal ploces.) c-2 Would you rather have $594 now or $1,000 eight years from now? d. Assume that a college parking sticker today costs $72. If the cost of parking is increasing at the rate of 4% per year, how much will the college parking sticker cost in nine years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $117.500. If the cost of a new home is increasing at a fate of 9% per year, how much Willa new home cost in nine years? (Round your onswer to 2 decimal places.) f. An investment will pay you $8,000 in 9 years, and it also will pay you $260 at the end of each of the next 9 years (years 1 through 9 ). If the annual interest rate is 5% how much would you be willing to pay today for this fype of investment? (Round your intermediote calculations and final answer to the nearest whole dollar) g. A coliege student is reported in the newspaper as having won 58,500,000 in the Kansas 5tate Lottery, However, as is often the custom whth lotteries, she does notactually receive the entire $8.5 million now. Instead she will receive $425,000 at the end of the yeat for each of the next 20 years. If the annual interest rate is 5%, what is the present value (foday's amount) that she won? (ignore taxes). (Round your answer to neorest whole doliac.) Step by Step Solution
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