QUESTION 16 6. If you want to have $50,000 for a down payment on a house in five years, how much money will you need to deposit in the bank today? Assume your money will earn 39. (5 points) QUESTION 17 7. If you spend on average $10 on lattes each week (assume $520 a year) instead of bringing coffee in a thermos ($52 a year cost), how much would you save over 10 years assuming you could invest the savings each year at 79. (Also, assume you invested the savings at the end of each year) QUESTION 18 8. If you borrow $350,000 for 30 years at 4% annual interest rate to buy a house, how much would you have to pay "at the end of each year" to the bank to pay it off over the full period? (10 points) QUESTION 19 9a. You have won the lottery and will receive $20,000 each year for the next 20 years! A financial services company has offered you an upfront payment of $200,000 for the entire income stream. If you estimate the time value of money for you is 5%, what would the offer be worth to you? (7 points) QUESTION 20 9b. Would you accept the offer from the financial services company for your lottery winnings? (3 points) 1. Yes 2. No