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Provided are links to the present and future value tables: (PV of $1. EV of $1, PVA of $1, and FVA of $1) Note:
Provided are links to the present and future value tables: (PV of $1. EV of $1, PVA of $1, and FVA of $1) Note: Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar. e. How much would you have to deposit today if you wanted to have $52,000 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 three years. If you can earn 8% on your Investments, how much would you have to deposit today to have $14.000 when you graduate? Note: Round your answer to 2 decimal places. c-1. Calculate the future value of an investment of $630 for nine years earning an interest of 10% Note: Round your answer to 2 decimal places. c-2. Would you rather have $630 now or $1,000 nine years from now? d. Assume that a college parking sticker today costs $76. 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? Note: Round your answer to 2 decimal places. e. Assume that the average price of a new home is $120,500 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? Note: Round your answer to 2 decimal places. f. An investment will pay you $9.000 in 9 years, and it also will pay you $280 at the end of each of the next 9 years (years 1 through 9) If the annual interest rate is 5%, how much would you be willing to pay today for this type of investment? Note: Round your Intermediate calculations and final answer to the nearest whole dollar. g. A college student is reported in the newspaper as having won $9,500,000 in the Kansas State Lottery However, as is often the custom with lotteries, she does not actually receive the entire $9.5 million now. Instead she will receive $475.000 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 Note: Round your answer to nearest whole dollar. taxes). a Present value b. Present value 0-1 Future value 2 Would you rather have 3030 now or 31.000 nine years from now? d. Future value Future value Present value g. Present value 4
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