HI! you need to do 3 worksheets!

And this is very important Show your calculator input.

\fTime value of money Worksheet # 2 BFIN 3321 Ordinary Annuity vs. Annuity Due. 1. At the end of each year you deposit $1,200 in a retirement account that pays 6%. How much money will you accumulate for your retirement if you plan to retire 40 years from now? N= I= PV= PMT= FV= 2. Starting today Andrew will deposit $750 per year in a retirement account that pays 6%. How much money will he accumulate for his retirement if he plans to retire 40 years from now? N= I= PV= PMT= FV= 3. You are looking into an investment that will pay you $5,000 per year for the next 8 years. If you require a 9% return, what is the most you would pay for this investment? N= I= PV= PMT= FV= 4. If today you pay $28,000 in exchange for an 8%, 15 year annuity, what will be the annual cash flow? N= I= PV= PMT= FV= 5. You will buy a house for $150,000. Your mortgage bank will lend you the money at 6% for 15 years. How much will you have to pay every month? N= I= PV= PMT= FV= 6. An insurance company is trying to sell you an investment policy that will pay you and your heirs $20,000 per year forever. If the required return on the investment is 7%, how much will you pay for the policy? Time value of money Worksheet # 3 BFIN 3321 1. You bought a car for $15,000. You gave the dealer $5,000 as a down payment. The balance will be financed with a 4 year loan with an interest rate of 5%. What will your monthly payment be? N= I= PV= PMT= FV= 2. Calculate the effective annual rates for each of the following cases: Stated Rate (APR) 7% 12% 6% Number of Times Compounded Quarterly Monthly Semiannually Effective Rate (EAR) 3. You just bought a house for $150,000. You have agreed to make 5 payments at the end of the year for 5 years with an interest rate of 5%. What will the annual payment be? Create a loan amortization schedule. 1 2 3 4 5 4. A first-round draft choice quarterback has been signed to a three-year, $25 million contract. The details provide for an immediate cash bonus of $2 million. The player is to receive $5 million in salary at the end of the first year, $8 million the next, and $10 million at the end of last year. Assuming a 15% discount rate, is the package worth $25 million? If not, how much is it worth? 5. You are evaluating an investment from a large financial services firm. The investment promises an initial payment of $8,000 at the end of this year and subsequent payments that will grow at a rate of 4% annually. If you use a 7 % discount rate for investments like this, what is the value of this investment