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Please respond to the following multiple choice: Your great aunt left you an inheritance that will provide an annual income for the next 20 years.

Please respond to the following multiple choice:

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Your great aunt left you an inheritance that will provide an annual income for the next 20 years. You will receive the first payment one year from now in the amount of $1,500. Every year after that, the payment amount will increase by 6 percent. What is your inheritance worth to you today if you can earn 8.5 percent on your investments? O $22,357.90 O $18,696.18 O $32,529.38 O $24,600.23 O $23,681.34 Lindner IT just decided to save $200 a month for 96 months. The money will be set aside in a separate saving account which pays 9.6 percent interest compounded monthly. The first deposit will be made today. What is the current value of this deposit? $13,366.00 O $13,472.93 O $14,351.59 O $14,437.70 O $14,541.40 The projected cash flows of a potential investment is $157,100, $143,000, and $194,000 over the next three years, respectively. Applying a 10.8 percent rate of return, how much is the investment worth today? 0 $400,899 O $473,436 O $503,296 $619,703 O $736,250

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