JULIOH.Com/ext/map/index.html?_con=con&extemal browser=C Mod 9 Homework Anuwer onch of the following independent questions Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: ($94.000 cash immediately. 23 $38,000 cash immediately and a six-period annuity of $9700 beginning one year from today. or a six period annuity of $19.500 beginning one year from today. FV of S1, PV of $1. EVA or $1. PVA of SLEVAD of $1 and PVAD of St (Use appropriate factors from the tables provided) 1. Assuming an interest rate of 7%, determine the present value for the above options. Which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer wil make annual deposits of $190,000 into a special bank account at the end of each of 10 years beginning December 31, 2021 Assuming the the bank account pay: 8% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030? Complete this question by entering your answers in the tabs below. Required 1 Required 2 asuming an interest rate of determine the present value for the above options, which option should Alex choose? round your answers to nearest whole dorm sentes Annalty PM Auty mediate y Option 5 Payment Option 1 Option 2 Options Which totien should Alex Chico 5 RM 2 Answer each of the following independent questions. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes ($94.000 cash immediately. 2 $38,000 cash immediately and a six-period annuity of $9700 beginning one year from today, or a six period annuity of $19,600 beginning one year from today. (FV of $1. PV of $1. FVA of $1. PVA of $1. EVAD of St and PVAD of $ (Use appropriate factors from the tables provided.) 1 Assuming an interest rate of 7%, determine the present value for the above options. Which option should Alex choose? 2 The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $190,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 8% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030? Complete this question by entering your answers in the tabs below. Required 1 Required 2 The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer wil make annual deposits of $190,000 into a special bank account at the end of each of 10 years beginning December 31, 2021 Assuming that the bank account pays 8interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030? (Round your final answers to nearest whole dollar amount.) Show less Table or calculator function Payment Future
