*solve using financial calculator

The present value of $100 received at the end of year 1,$200 received at the end of year 2 , and $300 received at the end of year 3 , assuming an opportunity cost of 13 percent, is Q7: Find the future value of an annuity which pays $500 at the beginning of each year for 3 years if the rate of interest is 9% Q8: Congratulations! You have just won the lottery! However, the lottery bureau has just informed you that you can take your winnings in one of two ways. Choice X pays $1,000,000. Choice Y pays $1,750,000 at the end of five years from now. Using a discount rate of 5 percent, based on present values, which would you choose? Q9: You have been given a choice between two retirement policies as described below. Policy A: You will receive equal annual payments of $10,000 beginning 35 years from now for 10 years. Policy B: You will receive one lump-sum of $100,000 in 40 years from now. Which policy would you choose? Assume rate of interest is 6 percent