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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
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 $48,000 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 two years. If you can earn 8% on your Investments, how much would you have to deposit today to have $12,500 when you graduate? (Round your answer to 2 decimal places.) C-1. Calculate the future value of an Investment of $571 for nine years earning an Interest of 10%. (Round your answer to 2 decimal places.) c-2. Would you rather have $571 now or $1,000 nine years from now? d. Assume that a college parking sticker today costs $70. 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? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $116,000. 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? (Round your answer to 2 decimal places.) f. An Investment will pay you $7,500 in 10 years, and it will also pay you $250 at the end of each of the next 10 years (years 1 thru 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 $8,000,000 in the Kansas State Lottery. However, as is often the custom with lotterles, she does not actually receive the entire $8 million now. Instead she will receive $400,000 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 taxes). (Round your answer to nearest whole dollar.) Present value Present value C-1. Future value c-2. Would you rather have $571 now or $1,000 nine years from now? Future value Future value Present value g. Present value
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