Q1: You are given the option to select one of the following prizes:

1. A one time payment of $100,000 today,
2. Payments of $7400 at the end of each year for 25 years,
3. Daily payments of $19 for the next 50 years (assume a 365 day year).

Assume money can earn 6.17% compounded quarterly.

What is the value, in terms of dollars today, of the prize you should select?

Q2: Victoria plans to make deposits of $480 at the end of every three months into a savings account in the hopes of saving up for a used car. If the account earns interest at a rate of 4% compounded quarterly, how much money will she have after 5 years?

I need some help here please!