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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. a. How much would you have to deposit today if you wanted to have $46,000 in three years? Annual interest rate is 10%. b. Assume that you are saving up for a trip around the world when you graduate in three years. If you can earn 6% on your investments, how much would you have to deposit today to have $12,000 when you graduate? Note: Round your answer to 2 decimal places. c-1. Calculate the future value of an investment of $558 for ten years earning an interest of 9%. Note: Round your answer to 2 decimal places. c-2. Would you rather have $558 now or $1,000 ten years from now? d. Assume that a college parking sticker today costs $68. If the cost of parking is increasing at the rate of 6% per year, how much will the college parking sticker cost in seven years? Note: Round your answer to 2 decimal places. e. Assume that the average price of a new home is $114,500. If the cost of a new home is increasing at a rate of 7 % per year, how much will a new home cost in eight years? Note: Round your answer to 2 decimal places. f. An investment will pay you $7,000 in 9 years, and it also will pay you $240 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 $7,500,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $7.5 million now. Instead she will receive $375,000 at the end of the year for each of the next 20 years. If the annual interest rate is 7%, what is the present value (today's amount) that she won? (ignore taxes). Note: Round your answer to nearest whole dollar. a. Present value b. Present value T. An investment will pay you $UUU in y years, and it also will pay you $240 at the end or each or the next 9 years (years I througn 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 $7,500,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $7.5 million now. Instead she will receive $375,000 at the end of the year for each of the next 20 years. If the annual interest rate is 7%, what is the present value (today's amount) that she won? (ignore taxes). Note: Round your answer to nearest whole dollar. a. Present value b. Present value c-1. Future value c-2. Would you rather have $558 now or $1,000 ten years from now? d. Future value e. Future value f. Present value g. Present value
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