Question 45 2 pts Justice wins the lottery. He wins $20,000 per year to be paid to him for 10 years. The state offers him the choice of a cash settlement now instead of the annual payments for 10 years. If the interest rate is 6%, what is the amount the state will offer for a settlement today? $200,000 $147200 $175.000 $154 440 2 pts Question 42 Lisa inherited $140,000 from an aunt. If Lisa decides not to spend her inheritance but to leave the money in her savings account until she retires in 15 years, how much money will she have assuming an annual interest rate of 8%, compounded semiannually? $509,880 $7.851,900 $454,020 $308.000 Question 43 2 pts Tim wants to save some money so that he can make a down payment of $3,000 on a car when he graduates from college 4 years from now. If he opens a savings account and earns 3% on his money, compounded annually, how much will he have to invest now? $3,000 $2,520 $2.910 $2,664 Question 40 2 pts The total amount of interest compounded quarterly on a $1,500 note payable for 1 year at 12% is $45.00 $187.50 $180.00 $189.00 Question 41 2 pts The future value of $6,000 at 12% compounded quarterly for 5 years is $9,600 $6.954 $10,836 $10,572