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Please show how to calculate in a financial calculator if possible Homework 2 Question 1 Homework. Answered Suppose you won $3 million in a lottery

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Homework 2 Question 1 Homework. Answered Suppose you won $3 million in a lottery and it is to be paid in 25 equal annual installments starting today. An alternative to the installment plan is to receive a lump sum payment today. If the applicable discount rate was 6% per year, how large would the lump sum payment have to be? Round to the nearest cent. (Hint: The lump sum amount needs to equal the present value of the installments) Numeric Answer: You are incorrect 1691273.35 [] Fulls. ark. Due in 17 hours 8/9 answered Answered - Correct! 3 attempts left Resubmit Question 5 Homework . Unanswered Following her 18th birthday, Madison began investing $35 at the end of each week in an account earning 6% per year compounded weekly. She plans to continue making weekly investments until she turns 68. If she had waited until she turned 53, how much would she have to invest weekly in order to have the same retirement nest egg at age 68? Round to the nearest cent. (Hint: Find the size of the retirement nest egg, then use that to solve for CF under the shorter investment scenario) Numeric Answer: Unanswered 4 attempts left - Submit Question 6 Homework . Answered HWUL Due Hours TU QE LUITELU Answered - Correct! 3 attempts left Resubmit Question 9 Homework. Unanswered Starting at the end of this year, you plan to make annual deposits of $6,000 for the next 10 years followed by deposits of $12,000 for the following 10 years. The deposits earn interest of 5.5%. What will the account balance be by the end of 30 years? Round to the nearest cent. Numeric Answer: You are incorrect 721074.90 Answered - Incorrect 3 attempts left Resubmit

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