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S You're trying to save to buy a new $190,000 Mazarati. You have $31,000 today that can be invested at your bank. The bank pays

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S You're trying to save to buy a new $190,000 Mazarati. You have $31,000 today that can be invested at your bank. The bank pays 3.8 percent annual interest on its accounts. How long will it be before you have enough to buy the car? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Length of time years You have just received notification that you have won the $2.03 million first prize in the Power Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 77 years from now. What is the present value of your windfall if the appropriate discount rate is 9 percent? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) Present value

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