Provided are links to the present and future value tables: (PV of $1, FV of $1, PVA of $1, and FVA of $1) (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 $45,000 in five years? Annual interest rate is 8%. b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 7% on your investments, how much would you have to deposit today to have $11,500 when you graduate? (Round your answer to 2 decimal places.) c-1. Calculate the future value of an investment of $535 for nine years earning an interest of 12%. (Round your answer to 2 decimal places.) c-2. Would you rather have $535 now or $1,000 nine years from now? d. Assume that a college parking sticker today costs $66. If the cost of parking is increasing at the rate of 4% per year, how much will the college parking sticker cost in nine years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $113,000. If the cost of a new home is increasing at a rate of 9% per year, how much will a new home cost in nine years? (Round your answer to 2 decimal places.) f. An investment will pay you $6,500 in 10 years, and it also will pay you $230 at the end of each of the next 10 years (years 1 through 10). If the annual interest rate is 6%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.) g. A college student is reported in the newspaper as having won $7,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $7 million now. Instead she will receive $350,000 at the end of the year for each of the next 20 years. If the annual interest rate is 5%, what is the present value (todays amount) that she won? (ignore taxes). (Round your answer to nearest whole dollar.)

Table B.1* Present Value of 1 p=1/(1+i)n "Used to compute the present value of a known future amount. For example: How much would you need to mvest today at I I\% compounded semiannually to accumulate \$s, 6 Using the factors of n=12 and i=5% (12 semiannual periods and a semiannual rate of 5%, the factor is 0.5568. You would need to invest $2,784 today ( $5,0000.5568 ). Table B.2 Future Value of 1 Table B.3 Present Value of an Annuity of 1 p=[11/(1+i)n]/i years is the equivalent of $12,835 today ($2,0006.4177). Table B.4 Future Value of an Annuity of 1 f=[(1+i)n1]/i