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question 4,5,&6. please show work 4. You own a classic automobile that is currently valued at $150,000. If the value increases by 6.5 percent annually,

question 4,5,&6. please show work image text in transcribed
4. You own a classic automobile that is currently valued at $150,000. If the value increases by 6.5 percent annually, how much will the automobile be worth ten years from now? 5. You would like to give your daughter $75,000 towards her college education 17 years from now. How much money must you set aside today for this purpose if you can earn 8 percent on your investments? 6. You are considering a project that requires $13,000 investment. The project will provide annual cash inflows of $4,500, $5,700, and $8,000 at the end of each year for the next three years, respectively. a) What is the payback period? b) What is the present value of these cash flows, given a 9 percent discount rate? c) What's the net present value (NPV)? d) What's the IRR? (Write out the formula with numbers, no calculation needed)

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