o. How much would you have to deposit today if you wanted to have $66,000 in four years? Annual interest rate is 9% b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% on your investments, how much would you have to deposit today to have $18,500 when you graduate? (Round your answer to 2 decimal places.) c.1. Calculate the future value of an investment of $787 for nine years earning an interest of 10% (Round your answer to 2 decimal places.) c-2. Would you rather have $787 now or $1,800 nine years from now? d. Assume that a college parking sticker today costs $94. If the cost of parking is increasing at the rate of 5% per year, how much will the college parking sticker cost in eight years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $134,000. If the cost of a new home is increasing at a rate of 8% per year, how much will a new home cost in ten years? (Round your answer to 2 decimol ploces.) 1. An investment will pay you $13,500 in 10 years, and it will also pay you $370 at the end of each of the next 10 years (years 1 thru 10) If the annual interest rate is 6%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.) 9. A college student is reported in the newspaper as having won $14.000.000 in the Kansas State Lottery. However, as is often the custom with lotteries she does not actually receive the entire 514 million now Instead she will receive $700,000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value (today's amount) that she won? [ignore taxes) (Round your answer to nearest whole doller.) a Present value b Present value c-1. Future value C-2 Would you rather have S787 now or $1,800 nine years from now? the college parking sticker cost in eight years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $134,000. If the cost of a new home is increasing at a rate of 8% per year, how much will a new home cost in ten years? (Round your answer to 2 decimal places.) f. An investment will pay you $13,500 in 10 years, and it will also pay you $370 at the end of each of the next 10 years (years 1 thru If the annual interest rate is 6%, how much would you be willing to pay today for this type of investment? (Round your intermediat calculations and final answer to the nearest whole dollar.) g. A college student is reported in the newspaper as having won $14,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $14 million now. Instead she will receive $100.000 at the end of the for each of the next 20 years. If the annual interest rate is 6%, what is the present value today's amount') that she won? (ignore ta (Round your answer to nearest whole dollar.) Present value b Present value C-1 Future value c-2 Would you rather have $787 now or $1.800 nine years from now? d Future value e Future value Present value g Present value
