Homework. HO3 Score: 0 of 4 pts 5 of 11 (4 completel HW Score: P 4-28 (book/static) When Alfred Nobel died, he is the majority of his estate to fund five prices, each to be awarded annually in perpetuity starting one year after he died (the south one, in economics, was added later) B. It he wanted the cash award of each of the five prizes to be $45.000 and his estate could eam 7% per year, how much would he need to fund his prizes? b. If he wanted the value of each prize to grow by 4% per year (perhaps to keep up with inflation), how much would he need to leave? Assume that the first amount was stil $45,000 c. His hers were surprised by his wil and fought it. If they had been able to keep the amount of money you calculated in (b), and had invested it at 7% per year, how much would they have in 2014, 118 years after his death? a. It te wanted the cash award of each of the five prizes to be $45,000 and his estate could cam 7% per year, how much would ho need to find his prizes? To find the five print, he would need 3 321428571 (Round to the nearest dotar) b. U he wanted the value of each prize to grow by 4% per year (perhaps to keep up with inflation, how much would he need to leave? Assume that the first amount was so $45,000 He would need to save $ 7.500,000.00 Round to the nearest dollar) c. His hers were surprised by his will and fought it they had been able to the amount of money you calculated in bi, and had invested at 7% per year how much would they have in 2014. 118 years after his dea? In 2014, 118 years after his death, his heirs would have sto Round to the newest million dollar) Enter your win the box and then click Check All parts showing