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question is in picture please answer both questions An Investment will pay $20,900 at the end of the first year, $30,900 at the end of
question is in picture please answer both questions
An Investment will pay $20,900 at the end of the first year, $30,900 at the end of the second year, and $50,900 at the end of the third year. (FV of $1. PV of $1. EVA of $1, and PVA of S1) (Use the appropriate factor(s) from the tables provided.) Determine the present value of this investment using a 10% annual interest rate. (Round your answer to nearest whole dollar) Presantion of investment Judge Drago has decided to set up an educational fund for his favorite granddaughter, Emma, who will start college in one year. The Judge plans to deposit an amount in a savings account that pays 9% annual Interest. He wants to deposit an amount that is sufficient to permit Emma to withdraw $21,800 for tuition starting in one year and continuing each year for a total of four years. (FV of $1. PV of $1. EVA of $1. and PVA of S1) (Use the appropriate factor(s) from the tables provided.) How much should he deposit today to provide Emma with a fund to pay for her college tuition? (Round your answer to nearest whole dollar) Deocat amount Step by Step Solution
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