i More Info 1. Irving just hit the jackpot in Las Vegas and won $40,000! If he invests it now at a 14% interest rate, how much will it be worth in 15 years? 2. Bob would like to have $4,000,000 saved by the time he retires in 40 years. How much does he need to invest now at a 12% interest rate to fund his retirement goal? 3. Assume that Zoey accumulates savings of $2 million by the time she retires. If she invests this savings at 12%, how much money will she be able to withdraw at the end of each year for 20 years? 4. Hannah plans to invest $2,000 at the end of each year for the next eight years. Assuming a 10% interest rate, what will her investment be worth eight years from now? 5. Assuming a 12% interest rate, how much would Penelope have to invest now to be able to withdraw $12,000 at the end of every year for the next nine years? 6. Booker is considering a capital investment that costs $520,000 and will provide the following net cash inflows: Print Done 6. Booker is considering a capital investment that costs $520,000 and will provide the following net cash inflows: Year Net Cash Inflow 1 $298,000 2 $196,000 3 $ 108,000 Using a hurdle rate of 8%, find the NPV of the investment. 7. What is the IRR of the capital investment described in Question 6