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hapter 5 Exercises Sed Help Save & E Chee 4. Exercise 5-10 (Algo) Future and present value (LO5-3,5-7,5-8) ts poud Answer each of the following independent questions. Alex Mele recently won a lottery and has the option of receiving one of the following three prizes: (1)$96,000 cash immediately. (2) $39,000 cash immediately and a six-period annuity of $9,800 beginning one year from today, or (3) a six-period annuity of $18,800 the tables .) beginning one year from today. (V of $1. PV of SI VA OLS1 PVA 0:51. FVAD of S) and PVAD of SD) (Use appropriate factor(s) from 1. Assuming an interest rate of 5%, 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 $195,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, who will be the fund balance after the last payment is made on December 31, 20307 ok Hint Complete this question by entering your answers in the tabs below. int Required 1 Required 2 ences Assuming an interest rate of 5%, determine the present value for the above options, which option should Alex choose? (Round your final answers to nearest whole dollar amount.) Annuity Immediate Payment PV Annuity PV Option Cash Option 1 $ Option 2 $ Option 3 $ Which option should Alex choose? 0 0 Regulua Required 2 > eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Print 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 $195,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest 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 References Table or calculator function: Payment na Future value: eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Print 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 $195,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest 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 References Table or calculator function: Payment na Future value: