Scenario 1. Daniel just hit the jackpot in Las Vegas and won $ 60,000! If he invests it now at a 10 % interest rate, how much will it be worth in 15years? (Round your answer to the nearest whole dollar.)

Future value

= $

Scenario 2. Curtis would like to have $ 2,500,000saved by the time he retires in 40years. How much does he need to invest now at a 14 % interest rate to fund his retirement goal? (Round your answer to the nearest whole dollar.)

Present value

= $

Scenario 3. Assume that Stephanie accumulates savings of $ 2 million by the time she retires. If she invests this savings at 12%, how much money will she be able to withdraw at the end of each year for 15 years? (Round your answer to the nearest whole dollar and enter as a positive amount.)

Amount able to withdraw

= $

Scenario 4. Geena plans to invest $ 2,000 at the end of each year for the next seven years. Assuming a 10% interest rate, what will her investment be worth seven years from now? (Round your answer to the nearest whole dollar.)

Future value

= $

Scenario 5. Assuming a 6% interest rate, how much would Danielle have to invest now to be able to withdraw $ 14,000at the end of every year for the next

ten years? (Round your answer to the nearest whole dollar.)

Present value

= $

Scenario 6. Booker is considering a capital investment that costs $ 510,000 and will provide net cash inflows for three years. Using a hurdle rate of 10%, find the NPV of the investment. (Round your answer to the nearest whole dollar. Use parentheses or a minus sign to represent a negative NPV.)

Net Present Value (NPV)

= $

Scenario 7. What is the IRR of the capital investment described in Question 6? The IRR is the interest rate at which the investment NPV equals 0. We tried 10% in question 6, now we'll try 12% and calculate the NPV. (Round your answer to the nearest whole dollar. Use parentheses or a minus sign to represent a negative NPV.)

Net Present Value (NPV)

= $

The IRR for the project is ________________________

.