More info 1. Ben just hit the jackpot in Las Vegas and won $60,000! If he invests it now, at a 14% interest rate, how much will it be worth in 20 years? 2. Forest would like to have $3,000,000 saved by the time he retires in 40 years. How much does he need to invest now at a 10% interest rate to fund his retirement goal? 3. Assume that Lilian accumulates savings of $1 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 fifteen years? 4. Katelyn plans to invest $3,000 at the end of each year for the next eight years. Assuming a 14% interest rate, what will her investment be worth eight years from now? 5. Assuming a 12% interest rate, how much would Jennifer have to invest now to be able to withdraw $9,000 at the end of every year for the next ten years? 6. Ray is considering a capital investment that costs $500,000 and will provide the following net cash inflows: Year Net Cash Inflow Year 1 $308,000 Year 2 Year 3 $196,000 $108,000 Using a hurdle rate of 12%, find the NPV of the investment. 7. What is the IRR of the capital investment described in Question 6?