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If you deposit $28,025 annually at the end of every year in a bank account paying 8% annually, how much would you have saved at
If you deposit $28,025 annually at the end of every year in a bank account paying 8% annually, how much would you have saved at the end of five years? Use the future value or present value tables in Appendix G to calculate your answer. Round your answer to the nearest one dollar. Question 2 2.5pts If you want to have $93,851 in twenty years, how much do you need to deposit in a bank account today? Assume that the annual interest rate is 5% compounded annually. Use the future value or present value tables in Appendix G to calculate your answer. Round your answer to the nearest one dollar. Question 3 2.5 pts You won the lottery! You are considering whether or not to accept a lump sum amount or an annual annuity of $92,771 to be received at the end of every year for twelve years. Use 6% as the annual discount rate. How much is the stream of payments worth now? Use the future value or present value tables in Appendix G to calculate your answer. Round your answer to the nearest whole number. You borrowed $38,374 on January 1 st. The annual interest rate is 7%. Interest is compounded annually. No annual payments are made but you will repay principal and interest in full at the end of nine years. What amount will you repay? Use the future value or present value tables in Appendix G to calculate your answer. Round your answer to two decimal places
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