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Need help with the following questions: 1 . First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank

Need help with the following questions:
1. First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a deposit of $63,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
2. For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
Present Value
$1850
$7952
$68355
$175996
Years
11
7
14
8
Interest Rate
13%
9%
12%
6%
3.In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $220. In 2019, the winners check was $1,460,000.
a.
What was the percentage increase per year in the winners check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
b. If the winners prize increases at the same rate, what will it be in 2044?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16
4. For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
Years:
13
4
29
40
Interest Rate
7%
13%
14%
9%
Future Value
$15251
$49557
$884073
$548164
5. Imprudential, Incorporated, has an unfunded pension liability of $582 million that must be paid in 20 years. To assess the value of the firms stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 7.5 percent, what is the present value of this liability? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g.,1,234,567.89)

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